VA assumable loan available at an amazing 2.25% interest rate. This well-designed floor plan offers three bedrooms and two and a half bathrooms. The kitchen is thoughtfully appointed with black stainless-steel appliances, granite countertops, and a breakfast nook, making it both functional and inviting. A pantry with customizable shelving provides ample storage for dry goods and is a perfect place to store small countertop appliances. Spacious kitchen opens to the generous living room that offers wonderful views of the private woods behind the property. The primary suite is a true retreat with an extra-large walk-in closet, a dual vanity, a separate garden tub, and a walk-in shower. Split floor plan with large private master suite off the main living area and 2 additional bedrooms and full bath on the other side of the house, each with a spacious closet. Outside, the expansive backyard is fully privacy fenced and features mature blackberry bushes. Additional features and upgrades include a new Rheem HVAC system installed in 2021, a new GAF roof in 2024 with a 30-year transferable warranty, a Wayne Dalton insulated garage door and Fabric-Shield storm panels for inclement weather protection, as well as a separate irrigation line for the Rainbird sprinkler system. Wood grained, ADA-compliant, non-skid ceramic tile installed throughout the entire house in 2024. For added convenience, the washer, dryer, and refrigerator will convey with the residence. Low HOA fees include a beautiful playground area and maintenance of public areas. This neighborhood is minutes away from shopping via the new Crestview bypass, and also aligns to the new Pineview School, Crestview's brand-new K-8 school which opens in August 2026. Don't miss this wonderful opportunity for location, price and condition!
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.
