Welcome to this beautifully maintained home in the highly sought-after Virginia Manor neighborhood, offering a spacious and functional layout perfect for modern living. The light-filled main level features gleaming hardwood floors and a seamless flow between the living room and family room—ideal for both everyday comfort and entertaining. The family room is anchored by a cozy gas fireplace, adding warmth and charm to the space. At the heart of the home, the recently upgraded kitchen impresses with quartz countertops, stainless steel appliances, custom cabinetry, a gas range, porcelain tile flooring, and recessed lighting that enhances both style and functionality. A cozy eat-in area makes it perfect for casual meals and gatherings. A conveniently located powder room completes the main level. Upstairs, you’ll find four generously sized bedrooms, providing a private and relaxing retreat. The spacious primary suite features a spa-like en-suite bath with a double vanity, soaking tub, and separate shower. Three additional bedrooms, each with ample closet space and ceiling fans, share a well-appointed hall bathroom. Additional highlights include a one-car garage with laundry, pull-down attic access for extra storage, and energy-efficient vinyl double-pane windows throughout. Step outside to enjoy an ample backyard and deck—perfect for outdoor entertaining or quiet relaxation. Recent updates include a new water heater (2023) and a brand-new roof scheduled for installation by mid-May 2026, offering added peace of mind. Ideally located near I-95 and I-295 with easy access to shopping and dining, this home combines comfort, style, and everyday convenience. Don’t miss your chance to make this exceptional home yours!
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.
