100% USDA FINACING AVAILABLE! This Charming, Craftsman-style 4-bedroom, 2.5-bath home is perfectly situated on a corner lot in a quiet, sidewalk community, offering peaceful living away from the noise of the city. The attractive Hardie board exterior with brick accents and a beautiful front door that floods the entry with natural light offers a welcoming curb appeal for all. Step inside to a breathtaking two-story foyer with an open staircase and Luxury Vinyl Plank flooring that extends into the spacious great room. The popular open floor plan provides easy flow from the living room into the dining area and the well-appointed kitchen, which features a functional working island with breakfast bar, stainless steel appliances including a new microwave, and you will love the natural lighting from the adorable window over the sink overlooking the backyard. The main level also includes a spacious laundry room and a half bath for guests. Upstairs, the primary suite offers a relaxing retreat with a single trey designer ceiling, while the primary bath features an oversized vanity, separate garden tub and shower, and a large walk-in closet. Three additional guest bedrooms with generous closets share easy access to a beautifully finished guest bath. Enjoy outdoor living in the fenced backyard with no backdoor neighbors, complete with a large patio that is perfect for relaxing or entertaining. Additional features include a side-entry two-car garage, gutters, and 2-inch faux wood blinds throughout. While this Beautiful Home is tucked away in a quiet subdivision it is still Conveniently located with just a short drive to shopping, schools, restaurants, and I-75, this home offers the perfect blend of quiet living and everyday accessibility.
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.
