Charming Ranch-Style Retreat with Private Backyard Oasis Welcome home to this beautifully maintained 3-bedroom, 2 full bathroom ranch-style residence designed for comfort, style, and everyday convenience. From the inviting curb appeal to the thoughtfully designed interior and outdoor living spaces, this home offers everything you've been looking for. Step inside to discover a spacious living room featuring a dramatic vaulted ceiling, cozy gas fireplace, and a low noise high powered ceiling fan - the perfect setting for relaxing evenings or entertaining guests. The open layout flows seamlessly into the eat-in kitchen, complete with stainless steel appliances and a separate dining area ideal for family dinners and special occasions. The private owner's suite is a true retreat, showcasing elegant trey ceilings, a generous walk-in closet, and a luxurious en suite bathroom with a double vanity, soaking tub, and separate shower. Enjoy added convenience and peace of mind with the pad-coded entry system for secure, keyless access. Outdoors, the backyard is designed for both relaxation and recreation. Unwind under the pergola-covered patio while enjoying the privacy-fenced yard, complete with a separately fenced dog park area perfect for pets to play safely. Property Highlights: 3 Bedrooms | 2 Full Bathrooms Ranch-style floor plan Spacious owner's suite with en suite bath Walk-in closet Double vanity, soaking tub & separate shower Trey ceilings in primary bedroom Eat-in kitchen with separate dining area Stainless steel appliances Vaulted ceiling in living room Gas fireplace Remote-controlled ceiling fan Pad-coded entry system Pergola-covered patio Privacy-fenced backyard Separate fenced dog park area This home blends comfort, functionality, and outdoor enjoyment - ready for you to move in and make it your own!
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.
