YOU DON'T WANT TO MISS THIS ONE! Meticulously maintained 3 bed, 2.5 bath corner-lot home in a sought-after Geneva Mill Creek! Current owners have lovingly cared for and enhanced this home, offering a true move-in ready opportunity. The front porch has just been repoured with new railings. New Front Door in 2023, along with brand new furnace and AC (May 2025), Striking ebony oak hardwood floors were added throughout the entire first floor and up the stairs. The main level offers a cozy living space divided by decorative pillar columns. The kitchen was fully remodeled in 2016 and features 42" soft-close white cabinets, LG stainless steel appliances, 24-bottle wine chiller, granite countertops with matching stone-accented backsplash, hammered copper sink, upgraded ventilation, and custom molding. New plantation shutters were added to all main-level windows. All bathrooms were updated in 2016 with new vanities, lighting, paint, and shower heads. Upstairs you'll find a spacious primary suite with bay window, walk-in closet, and private en-suite bath. Two additional bedrooms and a 2nd floor laundry room (with newer washer, dryer, and storage cabinet) complete the upper level. The deep-pour basement features 9' ceilings and is roughed-in for a future 4th bathroom-currently used as storage but ready for finishing. The 2+ car garage is a standout with two-story ceilings and stair access to both the main level and the basement. Perfect for storage, hobbies, or future expansion. New Trex deck surrounded by lush landscaping, including Arbor Vitae, rose bushes, lilac, Russian Sage, and more. This unit also features extra side yard space, offering privacy and room to relax-rare for row homes. Lawn care and snow removal handled by the HOA for maintenance-free living. Additional guest parking conveniently located across the street near retail shops. Close to walking trails, golf course, playgrounds, schools, tennis courts, and more. Don't miss your chance to own this beautifully upgraded home in a vibrant Geneva community-schedule your showing today!
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.
