Court Appointed Trustee Sale – Four-Bedroom, 3.5-Bath Single-Family Home with Incredible Space and Potential! Discover the opportunity to own a spacious four-bedroom, three-and-a-half-bath Colonial offering over three levels of versatile living space in an established community. Designed with both functionality and comfort in mind, this home provides the perfect foundation for a buyer looking to create their ideal living environment while building immediate equity. The main level offers a seamless blend of formal and casual living areas, with dedicated spaces for entertaining, gathering, and everyday living. A warm and inviting family room with a gas fireplace serves as the heart of the home, while the formal living and dining rooms provide the perfect setting for holiday celebrations and special occasions. Upstairs, the generously sized bedrooms offer comfort and privacy, including a spacious primary suite designed as a relaxing retreat. The home’s thoughtful layout provides ample room for growing households, guests, or those needing flexible work-from-home options. The fully finished lower level expands the home’s living space even further, featuring a full bathroom, built-in bar, and multiple bonus rooms that can easily accommodate a home office, gym, media room, hobby space, or guest quarters. Whether you’re entertaining friends or simply looking for extra room to spread out, this level offers endless possibilities. Outdoor living is equally appealing with a spacious rear deck overlooking the yard—perfect for summer cookouts, outdoor dining, or unwinding after a long day. A two-car garage, private driveway, and additional street parking provide convenience and practicality. Being offered as a court appointed trustee sale, this property represents a rare opportunity to purchase a well-maintained home with great bones, abundant square footage, and the chance to add your own cosmetic updates and personal style. With its combination of space, flexibility, and value, this is a home you won’t want to miss.
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.
