Didn't get a low rate in 2021?
Get a low rate from 2021.
Shop homes with assumable mortgages to access rates as low as 3%.
An assumable mortgage is a type of loan that can be transferred to a buyer at the seller's existing interest rate.
Roots will help you find and buy one so you can save big on your monthly payment.
Shop by rate and monthly payment*
Homes with low rates come in all shapes and sizes. Did you know that a $600,000 home at a 3% rate would be around the same monthly payment as a $380,000 home at a 7% rate? Get more for your money when buying with Roots.
3.1%
$1,910/mo
| $68k down
3 bds
|
2 ba
|
1,780 sqft
2444 N Crestwood Drive
Florence, AZ 85132
Bliss Realty & Investments, Listing provided by ARMLS
3.45%
$2,400/mo
| $69k down
3 bds
|
2 ba
|
1,844 sqft
4028 W Palo Verde Drive
Phoenix, AZ 85019
Real Broker, Listing provided by ARMLS
2.9%
$2,006/mo
| $45k down
3 bds
|
2 ba
|
1,803 sqft
40950 W Bedford Drive
Maricopa, AZ 85138
Coldwell Banker Realty, Listing provided by ARMLS
*Savings, rates, payments, and downpayments are estimates; specific figures may vary. Roots provides a service to match buyers with homes that have assumable mortgages. Roots is not a lender and does not make lending decisions. All loan approvals and credit decisions are made independently by the lender, not by Roots.
What our customers are saying
Real stories from real homebuyers who saved with assumable mortgages
"Roots went above and beyond to secure me a 2.7% on my dream home—an opportunity I never thought possible. I can confidently say that what Roots is doing is turning dreams into reality. I highly recommend them to anyone looking for a seamless, stress-free experience in home buying."
— Dmitri N.
"Roots did the impossible for our family! Roots helped us assume a home with a 3% interest rate!!! I'm in the middle of getting out of the Army and the Roots team has been incredibly helpful to my family. There is not a better team than Roots."
— Joseph P.
"What Roots is doing is incredible. Many real estate agents/companies do not want to touch assumable loans and/or do not have the knowledge to do so. Roots excels in the process. With rates not what they were a couple of years ago it is worth to see what deal they can help you find. Very happy with my experience!!"
— Manu A.
"Roots is amazing! From start to finish they were there for me to support me in whatever way possible through my home buying journey. Whether you buy a home the traditional way or are looking at assumable home loan options, Roots is the dream team and are the only way I would choose to go through the home buying process. Choose Roots Homes! You won't be disappointed!"
— Stephanie L.
"Roots went above and beyond to secure me a 2.7% on my dream home—an opportunity I never thought possible. I can confidently say that what Roots is doing is turning dreams into reality. I highly recommend them to anyone looking for a seamless, stress-free experience in home buying."
— Dmitri N.
"Roots did the impossible for our family! Roots helped us assume a home with a 3% interest rate!!! I'm in the middle of getting out of the Army and the Roots team has been incredibly helpful to my family. There is not a better team than Roots."
— Joseph P.
"What Roots is doing is incredible. Many real estate agents/companies do not want to touch assumable loans and/or do not have the knowledge to do so. Roots excels in the process. With rates not what they were a couple of years ago it is worth to see what deal they can help you find. Very happy with my experience!!"
— Manu A.
"Roots is amazing! From start to finish they were there for me to support me in whatever way possible through my home buying journey. Whether you buy a home the traditional way or are looking at assumable home loan options, Roots is the dream team and are the only way I would choose to go through the home buying process. Choose Roots Homes! You won't be disappointed!"
— Stephanie L.
Loan assumption fact check.
Misconceptions about assumptions are common.
Let us set the record straight.
It takes 6-9 months
Nope! It takes 45 days, guaranteed. Roots works with the loan servicer to expedite closing.
It's hard to qualify
Not with a credit score over 620 and steady income! Roots can help you prepare to be approved.
The seller remains liable
Not true! Sellers receive a release of liability before closing to ensure the seller's credit is protected.
Big downpayment required
Often not. Downpayments can be low, and Roots makes accessing secondary financing easy when needed.
Sellers don't like assumptions
By passing significant savings onto the buyer, sellers can ask for more. Who doesn't like more money?!
Assuming a loan can be easy
CORRECT! Roots makes the process seamless, so you can relax and start thinking about moving in.
Agents love Roots too
Happy buyers, happy sellers, happy agents.
"Roots is the real deal, they are the gold standard! I've been in real estate for over 17 years, and it's rare to find a company like Roots that provides an amazing service while treating their clients like absolute gold."
- David M.
"I had the pleasure of closing an escrow opposite Roots and cannot say enough great things about Roots. We closed escrow quickly and the agent was a true professional. If I see an offer come through from Roots, I know it will be a smooth sale!"
- Rachel G.
"Just closed a transaction with Roots. They facilitated an FHA assumption and did an amazing job!"
- Erika B.
Your questions, answered.
To calculate your debt-to-income ratio, sum the monthly payment of all debts you have - credit cards, student loans, car loans, auto loans, etc., and add in the expected monthly payment on your mortgage. Then, divide the result by your monthly income.
Before submitting an offer for a home with an assumable loan, Roots will pre-qualify you to ensure we are confident in our ability to support you in the loan assumption process. This does not mean you're pre-qualified for the loan, as only the lender can make lending decisions.
Once an offer is accepted, Roots will support a fast and easy closing. At this point, a credit and financial package will be reviewed by the lender, and the lender will make a lending decision.
Assuming a mortgage is very similar to the process of obtaining a new loan with a lender, but often less expensive due to lower fees.
Loan servicers typically charge a funding fee:0.5% of the remaining loan balancefor VA loans,or up to $1,800 for FHA loans—much lower than traditional mortgage origination fees.
Expect typical closing costs, which may include agent commissions, document processing, inspections, and other fees, often totaling 2-3% of the purchase price. Additional fees like appraisals may apply if you're getting a second mortgage, and the lender will be able to provide a detailed breakdown of those before you commit.
Curious about what fees may be for a specific property? Reach outhere,and a Roots agent will provide you with an estimate!
Still have questions? Ask us here.
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