Spring Season is here! What is your season? New to the area? First-time buyer? Done with renting? Downsizing? This beautifully maintained,one-owner custom Highland home is ready for you to hang your heart & plant your roots. From the moment you walk in, you'll be greeted by stellar hand-scraped wood floors that flow throughout the main living areas, setting the stage for comfort & style. The layout is both functional & flexible, featuring a restful primary retreat & an additional bedroom downstairs ideal for guests or multigenerational living. Upstairs, you'll find 3 more bedrooms, offering plenty of space for rest, or play. This home offers room to live, work, & thrive with a big family room, a media room for cozy movie nights, a bonus flex or play room, 4 full baths & also features a study or office. You’ll love the two built-in desk spaces upstairs, great for homework, or crafts. There’s abundant storage throughout to help keep life organized. Enjoy added peace of mind with recent upgrades: The roof was replaced 2024 & includes a warranty, & the downstairs HVAC system was replaced 4-2025, offering comfort & efficiency for the seasons ahead.Here you will welcome your favorite hellos & send off your hardest goodbyes!A place beckoning when you're weary, offering a retreat from the busyness of the world,yet a warm hub for gathering with friends, family,& neighbors in every season.Tucked away on a quiet, friendly street in the highly sought-after Fairway Ranch community, this home is within walking distance to top-rated schools, cool trails, community pools, dog park, neighborhood parks & a fishing pond! Great for connecting with nature & neighbors alike.This prime location offers easy access to freeways, excellent doctors, great restaurants, fun entertainment, stellar shopping & more.This location simply checks every box.Come experience the kind of community where front porch conversations turn into lifelong friendships. PLUS a cool new place to have pizza delivered!
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.
