Your new home,
made affordable

Find homes with rates as low as 3% before they’re gone.

Graphic showing an interest rate changing places.
What is an assumable mortgage?

Take over the existing mortgage terms from the seller

An assumable mortgage is a type of home loan that allows homebuyers to take over the existing mortgage terms from the seller. This can benefit buyers by allowing them to cut their monthly mortgage payment in half.

Most government-backed loans, such as FHA-insured and VA-guaranteed loans, are eligible for assumption.

Down payment support

Supercharge your buying power with Roam Boost

We can help buyers reduce the down payment required to a minimum of 5-15% by using a 2nd mortgage.

Contact us to learn more

Example of how Roam Boost can increase your total down payment funds.
Example of lower monthly payments when buying with a lower interest rate.
Why buy with Roam?

Buying with Roam may significantly reduce your monthly payments

Example home with the Roam 2.5% waterkmark.
Easier to qualify

Buyers who qualify for an FHA or VA loan may also qualify for a low-rate mortgage assumption.

Example home with the Roam 2.5% waterkmark.
Simpler process

We’ll navigate the process with the servicer on your behalf. When you assume a mortgage, there’s no required appraisal.

Assuming a low-rate mortgage may significantly reduce your monthly payments compared to a new mortgage at current prevailing rates.

For example, assuming a $520k mortgage at a rate of 2.5% could save you as much as $1,650 in monthly principal and interest payments compared to a $520k mortgage with a 6.5% interest rate. All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Ellen Harper found a home with a 2.49% assumable mortgage rate

“I was looking for a reasonable mortgage that I could afford now and in the future. The prices had skyrocketed 30 to 40%.”

Ellen Harper, home buyer from Atlanta, GA

Common myths about assumable mortgages, debunked

Assumptions take too long to close.
We offer a 45-day closing guarantee.
Assumptions are hard to qualify for.
You may be able to get approved with a credit score as low as 580.
Only veterans can assume a VA loan.
Even non-veterans are eligible to assume a VA loan.
FHA assumptions are restricted by income.
FHA does not impose income ceilings.
Seller is on the hook for buyers payments.
FHA and VA require the new borrower to be responsible for the loan.
Assumptions are a "subject-to" offer.
FHA and VA provide full release of seller liability.

How to buy with Roam

Step 1

Tour

Illustration of location pins and a house
Sign up to find homes that can be purchased with rates as low as 3%.
Step 2

Offer

Illustration of approved paperowrk
Get qualified to purchase your next home with the low-rate included.
Step 3

Close

Illustration of smiling face
We'll work with your agent and seller to ensure you close on time.

Frequently asked questions

What is Roam?

expand content

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.

What is an assumable mortgage?

expand content

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.

Why is an assumable mortgage valuable?

expand content

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.

Will an assumption work for me?

expand content

An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.

Why do buyers use Roam?

expand content

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.

See all FAQ

Homes with low-rate assumable mortgages are going fast. Find yours now.

Disclaimers
1 The assumable interest rate shown in the illustrative example is an estimate based on a sample of low interest rate assumable loans originated in 2020-2021. 6.5% is an estimate of prevailing market rates. Actual interest rates may vary. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
2 45-day guarantee is available after credit approval by your loan servicer.