Beautifully landscaped front and back, this thoughtfully designed single-story home in Heritage Village offers the perfect blend of comfort, functionality, and peaceful outdoor living. From the moment you enter, you will fall in love, a private office with glass doors, ideal for working from home or a quiet retreat, will be the first room you see. Wood-look tile flooring flows throughout the main living areas, creating warmth and continuity, while all of the bedrooms offer recently installed carpet for comfort. A custom oversized walk-in coat and storage closet provides exceptional organization rarely found in homes today. The formal dining area opens seamlessly to the spacious family room, creating an inviting layout for both everyday living and entertaining. The breakfast area features a custom built-in, that adds both charm and additional storage. The kitchen is complemented with granite counters, gas stove and a large utility room nearby with sink and built-in shelving for added convenience. The split-bedroom floor plan offers privacy and flexibility, with a spacious primary suite featuring room for a sitting area, dual vanities, separate tub and shower, and a large walk-in closet. Toward the back of the home, the fourth bedroom and nearby full bath create an ideal space for guests or a second office. Step outside to a peaceful backyard retreat surrounded by lush greenery, complete with a built-in water fountain and pergola-covered patio with retractable shades, perfect for relaxing or entertaining year-round. The oversized 3-car garage includes built-in shelving that will remain with the home. This home combines thoughtful storage, flexible living spaces, and beautiful indoor-outdoor living in one exceptional package. #realtytown3
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.
