Beautifully maintained and thoughtfully updated home offering expansive living spaces, refined finishes, and exceptional indoor-outdoor entertaining on a picturesque, park-like lot. Rich engineered hardwood flooring, plantation shutters, neutral designer tones, and updated lighting create a warm, polished feel throughout. Spacious main living areas flow effortlessly for everyday comfort and entertaining alike. The kitchen features granite countertops, abundant cabinetry, tiled backsplash, breakfast bar seating, and an open dining area overlooking the beautifully landscaped backyard. The inviting family room with pellet stove provides a cozy gathering space, while the formal living room and dining room offers added living space for entertaining and gatherings. The spacious primary suite serves as a true retreat with upgraded flooring, custom barn-style door, and a beautifully renovated spa-inspired bath featuring dual vanities, heated tile floors, an oversized walk-in glass shower, and a freestanding soaking tub. Generously sized secondary bedrooms on the upper level and updated baths continue the home’s move-in ready appeal. The finished lower level dramatically expands the home’s functionality with an oversized recreation area, custom live-edge wet bar, media/lounge space, and flexible areas ideal for entertaining, hobbies, fitness, or guests. Outdoor living is truly exceptional with an elevated deck, expansive paver patio, built-in fire pit seating area, mature landscaping, and sweeping lawn framed by towering trees for added privacy and beauty. Whether hosting gatherings or enjoying a quiet evening outdoors, this nearly one-acre backyard delivers the perfect setting. Combining generous space, quality updates, and outstanding entertaining areas inside and out, this home offers comfort, style, and versatility throughout.
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.
