VA Assumable at a 2.87%!! Welcome to 8737 Redman St — a one-of-a-kind home tucked into a forest-like setting in the desirable Chapel Acres neighborhood, offering an incredible amount of space with 6 bedrooms, 4 full bathrooms, plus a convenient additional full bath in the garage. From the moment you arrive, you’ll feel the charm, starting with the front stone patio and concrete walkway that lead you into a bright, airy interior filled with windows and skylights. Inside, the layout is open and inviting, highlighted by hand-scraped hardwood floors, recessed lighting with flexible switch patterns, and a dramatic spiral staircase that makes a memorable first impression. The home has been freshly painted throughout, and recent improvements include a brand-new refrigerator, brand-new dishwasher, all skylights resealed, an updated primary shower, plus closet upgrades—including the primary closet and another bedroom closet—adding both function and polish. The heart of the home is the open kitchen and dining area, designed so you can cook, host, and stay part of the conversation. The kitchen is a true standout with high ceilings and skylights, granite countertops, tile backsplash, a comfortable coffee bar, and abundant KraftMaid cherry cabinetry with full-overlay slab doors for serious storage. Stainless steel appliances include a Jenn-Air double oven and Jenn-Air gas cooktop with built-in grill, plus a bar refrigerator, along with thoughtful extras like a reverse osmosis water system and newer disposal. Just off the kitchen, the spacious family room features French doors leading to the backyard, and a main-level full bath makes entertaining and everyday life easy. Down the hall, you’ll find four main-level bedrooms, including an extra-large primary suite with an ensuite bath, an upgraded shower, and a generous walk-in closet. The additional bedrooms are nicely sized and share a full bath with a tub/shower combo, and the bathrooms are finished with Porcelanosa Spanish tile for a clean, sophisticated look. Also on the main level, the laundry room sits conveniently near the kitchen with plenty of cabinets for storage. If storage is high on your list, you’ll love the multiple options here—three attics, plus ample closets and built-ins throughout, along with dedicated library and office spaces that add even more flexibility. Upstairs, the second level offers two additional bedrooms and a full bath—perfect for guests, older kids, or creating extra work-from-home space. Outside, there’s plenty of yard to enjoy summer BBQs, playtime, and gatherings, and parking is a major bonus with a detached 2-car garage and a large driveway that can accommodate 10+ vehicles. You’re also close to everyday conveniences, with Huntsman Square and Village Shops nearby, plus a short drive to even more shopping and dining. With extensive space, a unique layout, and meaningful updates already completed, 8737 Redman St is ready to welcome its next owner. Schedule your showing and come experience it in person!
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.
