Beyond the gates, where privacy meets presence, this home makes an impression long before you step inside. Set on over a quarter-acre with striking curb appeal and a side-entry 3-car garage, it offers the kind of space and setting that feels both elevated and inviting. Step through the grand entryway and you’re welcomed by a sense of openness, with a formal dining room ready for gatherings and celebrations just off to the side. The heart of the home unfolds into a huge great room where tray ceilings, crown molding, and a corner stone fireplace create a space that feels both refined and comfortable that is perfect for quiet evenings or hosting a full house. The kitchen is designed to keep up with it all. A large furniture-style island anchors the space, surrounded by an abundance of cabinetry, stainless steel appliances, and an upgraded cooktop, making it just as functional as it is beautiful. Tucked away for privacy, the owner’s suite is a true retreat with its own tray ceiling and crown detail. The ensuite bath offers a spa-like experience, complete with a modern soaking tub, a walk-in shower set just behind, and a generously sized walk-in closet. Step outside and the story continues. The expansive backyard is made for enjoying every season, with multiple patio areas that include covered and open spaces, an extended patio for shaded relaxation, and a separate circular gathering spot that’s just waiting for evenings around a fire pit. Thoughtful upgrades like insulated garage doors, a newer hot water tank, and wood laminate flooring add comfort and value throughout. This is more than a home—it’s a place designed for everyday living and unforgettable moments.
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.
