OPEN SAT & SUN, 2-4 PM! Welcome to 10318 Parkman Road, a classic home with standout curb appeal on a quiet, tree-lined street with charming details from the moment you arrive! Enjoy a pea gravel driveway, classic brick wall detailing, and mature landscaping that creates a warm, welcoming first impression. Situated on a large, flat lot, the property feels private and serene while still offering easy access to nearby parks, shopping, and commuter routes. Inside, the home blends traditional charm with thoughtful updates throughout. The spacious and sun-filled kitchen features stainless steel appliances, ample white cabinetry, stone countertops, and counter seating, all opening seamlessly to the inviting living room with a wood-burning fireplace and built-ins. Newly refinished hardwood floors span the main and upper levels, complemented by fresh paint, curved archways, crown molding, and recessed lighting. A beautiful sunroom extends the living space and provides direct access to the back porch, while a large formal dining room and an updated powder room with stylish wallpaper add both function and personality. A main-level bedroom or home office with a closet offers flexibility for today’s lifestyle. Upstairs, the spacious primary suite is filled with natural light and includes multiple closets and an updated en suite bath with a spa-inspired shower. Step out onto the private deck with trellis detailing, overlooking the lush backyard. The secondary bedroom is generously sized with deck access, while the third features charming architectural details and two closets. The secondary updated bath is conveniently accessible from both bedrooms, while a versatile landing area creates the perfect nook for reading, studying, or relaxing. The walkout lower level adds even more living space, featuring a large recreation room with natural light, a second wood-burning fireplace and new stone surround, a spacious laundry room, and abundant storage. A bonus room with direct access to the yard is ideal for a home gym, guest suite, or private office, offering ample additional flexibility. Outdoors, the fully fenced backyard is truly special, with a huge flat lawn, mature trees, garden beds, and even a fruiting fig tree. A charming storage shed, separate dog run, and multiple access points from the sunroom, kitchen, and lower level make the space as functional as it is beautiful. With its combination of character, updates, and an exceptional lot, this home offers comfortable living both inside and out in the highly coveted Hillandale neighborhood.
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.
