Picture yourself driving through a winding, tree-lined entrance into Heritage Plantation, a new neighborhood in quiet Laurel Hill where the hustle and bustle of Crestview feels pleasantly distant, yet minutes away. The sign at the entrance welcomes you home, hinting at a lifestyle rooted in nature and community. To your right, you glimpse a sparkling pool where neighbors are chatting and children are splashing--an easy place to make friends on a warm Saturday afternoon.As you pull up to your house on a larger-than-it-looks 0.38‑acre lot, the mix of brick and Hardie Board on the exterior gives it a timeless look, while the backdrop of untouched greenbelt behind ensures there will always be trees framing your view. You step through the front door and into a cozy den where built-in shelves and cabinets flank an electric fireplace wrapped in stone; it's easy to imagine curling up with a book here or hanging family photos on those shelves. The den flows into a light-filled living room, dining area and kitchen, where stainless-steel appliances gleam and a center island invites breakfasts, homework sessions, and casual conversations. On the main floor there's a private bedroom with a full bathperfect for visiting parents or grown children who need their own space. Upstairs, you discover a huge loft that might become a media room, a kids' playroom, or perhaps a second family lounge. Four bedrooms wait beyond, including an expansive primary suite with two walk-in closets, a double vanity and a walk-in shower that feels like a spa after a long day. With 2,406 square feet, five bedrooms, and three full baths, there's room to grow, room to entertain, and plenty of places to call your own. In Heritage Plantation, mornings begin with birdsong and end under starlit skies, yet everything you needschools, shops, restaurantsis a short drive away. It's a setting that lets you live a quiet storybook life without sacrificing modern conveniences.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
