Mornings here begin quietly, with soft sunlight filtering through the windows as you sip your coffee and watch hummingbirds and butterflies drift through the backyard. It's the kind of start that makes you slow down just enough to enjoy the moment before the day begins. As you move through the home, rich hardwood floors guide you into a warm and welcoming living space. A cozy fireplace and built-in bookcase create the perfect setting-whether it's a relaxed evening in or a place to gather with friends. Just beyond, the island kitchen naturally becomes the center of it all, with a built-in oven, cooktop, and microwave thoughtfully arranged so conversations flow easily between the kitchen, dining, and living areas. As the day winds down, the home shifts into a space made for unwinding. You might host dinner around the table or retreat to the primary suite, where French doors open to the patio, inviting in the evening air. A tray ceiling adds character, while the ensuite bath offers a quiet escape with dual vanities, a walk-in shower, and a soaking tub designed for slowing down at the end of the day. Secondary rooms offer the flexibility to fit your life-whether that means hosting guests, working from home, or creating a space for hobbies. Out back, the extended flagstone patio becomes your go-to spot for weekend grilling or peaceful nights under the stars. The backyard feels alive and private, offering a natural backdrop that's both calming and inviting. All of this, just minutes from The Rim and La Cantera, gives you the perfect balance of convenience and retreat-where everything you need is close, but home still feels like your own private escape. Please be aware some photos have been virtually staged.
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.
