Welcome to this beautifully situated 1.5-story home tucked at the end of a corner cul-de-sac lot in Troy, offering the perfect blend of comfort, space, and thoughtful upgrades. From the moment you arrive, you’ll appreciate the peaceful setting, upgraded brick front elevation, and inviting curb appeal. Step inside to a well-designed layout that makes everyday living easy while still offering flexibility for entertaining. The main level features a warm, comfortable flow between living spaces, highlighted by custom plantation shutters (2019) that elevate the living room with style and natural light. The kitchen is a standout with 42" soft-close cabinetry, granite counters, subway tile backsplash (2021), and plenty of workspace for cooking and hosting. The nearby laundry room adds convenience with upgraded cabinets and a utility sink. The 1.5-story design provides charm and separation, with the upper level offering additional privacy for bedrooms or flexible-use spaces. The primary suite is a true retreat, featuring a gorgeous bay window, abundant natural lighting, and a jetted garden tub for unwinding at the end of the day. Downstairs, the partially finished basement expands your living potential—perfect for a media area, recreation room, home gym, or extra storage. A whole-home water softener adds comfort and efficiency. One of the standout features of this property is the oversized 3-car garage, fully drywalled and insulated (2020) with quiet-mechanic insulated doors, offering exceptional versatility for vehicles, tools, hobbies, or workshop needs. Additional thoughtful touches include outlets in closets and a storm door added in 2021. Step outside to enjoy the fenced-in backyard, complete with a 12x20 patio, back deck/stairs (2020), and a custom garden (2020)—a perfect extension of your living space for entertaining, gardening, play, or simply relaxing in privacy. The large driveway provides ample parking and convenience for guests. Located in a desirable cul-de-sac setting, this home offers reduced traffic, added privacy, and a true neighborhood feel while still being close to area amenities. With its spacious layout, functional upgrades, and inviting outdoor spaces, this home is ready to fit a wide variety of lifestyles.
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.
