There’s a difference between a house you live in and a home that supports the way you actually want to live. This one does the latter. Imagine slow mornings on the covered front porch with coffee in hand. Evenings shift naturally to the enclosed back porch, protected from the elements, where conversations linger a little longer. Step beyond that to the pergola-covered patio, complete with a gas line ready for your grill. This isn’t an afterthought backyard. It’s a space designed for hosting, relaxing, and being present. The garage extends the lifestyle even further. With a clean epoxy floor and a pull-down screen that invites fresh air in while keeping insects out, it transforms into flexible space for projects, workouts, game nights, or an additional hangout area. High-level security screens on every window and the back doors provide an added layer of protection without sacrificing airflow, allowing comfort and peace of mind to coexist. Solar panels add another layer of smart living, helping reduce monthly electricity costs and providing long-term energy savings. Inside, the 3-bedroom, 2-bath layout flows comfortably across 1,686 square feet. Every room connects in a way that feels natural and functional, making daily routines easier and gatherings feel effortless. Beyond the front door, the community continues the story. An elementary school sits within the neighborhood, along with a pool, playground, basketball court, walking trails, and expansive green spaces that invite evening strolls and weekend activity. And when you need to head out, you’re just 10 minutes from HEB, Costco, Target, dining, and entertainment, while being only one light away from the highway for easy commuting. Situated on a corner lot, this home offers space, presence, and convenience in equal measure. It isn’t just about square footage. It’s about how your life unfolds within it. Ask about special financing options to make this home more affordable.
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.
