Luxury Brookwood estates residence with a walkout daylight basement and an unforgettable canyon backdrop. Nearly 4,000 SF of timeless design and main-level living, featuring an open-concept kitchen and expansive great room that flow to an oversized covered deck-perfect for entertaining with panoramic views and unparalleled rear privacy. Classy (not trendy) finishes include floating LVP floors, 8' doors, quartz countertops, stainless steel appliances, and cushy 8 lb carpet pads. Many South and west-facing windows are tinted for UV protection, energy efficiency, and added privacy. Flexible living spaces abound. The daylight walkout basement includes a second living room and a kitchenette with space for a full-size fridge and ample cabinetry-ideal for multigenerational living, guests, or potential rental use, with the option to function as totally separate quarters. Two guest suites have ensuite baths. Main-level living provides everything you need on one floor with open concept flow, large gathering spaces, and easy access to the oversized deck, while the lower level offers its own separate lifestyle zone. Energy and tech features are standout: a fully paid 25-panel, 11 kW solar system (the largest allowable residential installation) that drastically reduces power bills, even with high consumption in a home of this size. Plus a Tesla Level 2 EV charger (11kw) in the oversized 3-car garage, ready to charge EVs fast and at low cost (or no cost when the sun shines!). Specs and highlights: Nearly 4,000 SF of main-level living with an open concept and oversized covered deck 5 bedrooms, 4.5 baths Daylight walkout basement with a second living room and a kitchenette Option for fully separate lower-level living quarters Canyon views with unmatched rear privacy and a prime Washington location Floating LVP floors, 8' doors, quartz tops, stainless appliances Cushy 8 lb carpet pads Fully paid 26-panel, 10 kW solar dramatically reduces electric costs Oversized 3-car garage with Tesla Level 2 EV charger UV/privacy tint on many south and west windows A rare blend of timeless style, smart efficiency, and flexible living-this home delivers space, views, and value you won't want to miss.
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.
