3.88% Assumable FHA with Roam! Welcome to a home where peace, comfort, and possibility come together in perfect harmony. Tucked inside the beloved Nolandwood Lake Community and resting on just over an acre, this property is wrapped in serenity-where quiet mornings, gentle breezes, and the beauty of nature create a lifestyle that feels like retreating without ever leaving home. A charming front porch invites you to slow down, sip coffee, and enjoy the stillness before stepping inside to a stunning two-story foyer that sets the tone for what's ahead. To your left, a formal dining room, currently used as a home office, offers a flexible space ready to serve your needs. Just beyond, the family room opens up into a breathtaking space with soaring vaulted ceilings, real hardwood floors, and a cozy fireplace-a warm and welcoming heart of the home. The primary owner's suite rests peacefully on the main level, offering a sanctuary of its own. Escape to the spa-like bath featuring separate dual vanities, a two-person whirlpool tub, a floor-to-ceiling tiled walk-in shower, vaulted ceilings, and a generous walk-in closet designed for ease and elegance. The main level continues with a spacious laundry room, a convenient half bath, and a kitchen made for gathering. Here, hardwood floors flow into a keeping room with a second fireplace, filling the space with warmth and connection. The kitchen is beautifully equipped with granite countertops, stainless steel appliances, recessed lighting, an island, and an inviting eat-in area large enough for a full dining table. An oversized walk-in pantry provides abundant storage, and a rear door leads to the back deck, overlooking a private fenced backyard perfect for outdoor enjoyment. Upstairs, you'll find three spacious bedrooms, each with walk-in closets and thoughtful architectural touches. One bedroom enjoys a private en-suite bath, while the remaining bedrooms share a dual-vanity bathroom with separate access to the shower and commode-ideal for comfort and ease. Vaulted and tray ceilings elevate the upper level with character and charm. And when you're ready to dream bigger, unfinished basement offers a blank canvas-large enough to imagine a full second living space with bedrooms, a theater room, game room, gym, or more. Every dream fits here. The home also includes a two-car garage and sits in an ideal location close to conveniences while maintaining the peaceful feel of country living. Enjoy HOA amenities like lake access and beautiful golf/walking trails, allowing you to live connected to nature every day. This isn't just a home-it's a place to write your story, to create memories, and to embrace a lifestyle filled with calm, beauty, and space to grow. Welcome to your next chapter!
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.
