Be only the second owner of this custom-built 2017 home, thoughtfully upgraded and beautifully maintained, set on nearly an acre of private wooded serenity in sought-after Bel Air. With striking stone accents, Hardie Plank siding, and a welcoming front porch, the exterior sets the tone for what’s inside; modern design, expanded living spaces, and smart upgrades throughout. The kitchen was intentionally widened during construction to create a true gathering space and features Corian countertops, stainless steel appliances, a generous island, walk-in pantry, and seamless flow into both the dining area and living room. Whether hosting holidays or casual weeknights, this layout delivers. Real hardwood floors run throughout the main level, complemented by a dedicated sitting room or home office, perfect for remote work or quiet retreat. Natural light pours in, and every space feels open yet intentional. Upstairs, you’ll find three spacious bedrooms and two beautifully finished full baths, along with the first of two laundry areas for everyday convenience. The fully finished walkout lower level is where this home truly separates itself. Designed as a complete private apartment, it includes its own kitchen with sink, dishwasher, and cabinetry, a full bedroom, additional den or flex room, full bath, second laundry area, and a bright four-season room overlooking the backyard. Ideal for multigenerational living, extended guests, or long-term flexibility. Outdoor living is just as impressive. A newly added composite deck extends your entertaining space and features a state-of-the-art covered swim spa - perfect for year-round relaxation or fitness, no matter the season. The nearly one-acre lot provides privacy, wooded views, and room to breathe. Additional upgrades include new carpet, tankless water heater, EV charging ports, and an expanded driveway with turn-around space for ease and practicality. Quality construction, intentional upgrades, flexible living space, and modern systems, this is the kind of home that rarely becomes available.
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.
