Welcome to 1034 Bernice — a bright, beautifully maintained Cape Cod in the heart of Kirkwood, where classic architecture meets thoughtful updates. Step inside to a foyer framed by a striking Moorish arch — the first of several throughout the home — setting a tone of character and craftsmanship that carries through every room. Custom wood-built storage cubbies keep daily life organized before you enter the open living room, where original hardwood floors, a decorative wood-burning fireplace, and crown molding reward the eye at every turn. A separate dining room flows into a well-appointed kitchen with 36" maple cabinetry, granite countertops, stainless appliances, recessed lighting, and an arts and crafts inspired tile backsplash — a genuinely functional space that handles everything from weeknight dinners to full holiday hosting. The screened porch is a true retreat: warm-paneled walls and wood floors bring the ambiance to make it a room you'll use well beyond summer. Peaceful backyard views, a fenced yard with patio, and one-car attached garage complete the outdoor picture. Upstairs, two generously sized bedrooms feature dormer alcoves and walk-in closets, anchored by a beautifully remodeled full bath with a tub/shower combo, floor-to-ceiling vertical subway tile surround, marble vanity top, and polished nickel fixtures — clean, timeless, and done right. The lower level handles all your laundry, storage, and hobby needs with room to spare. Two blocks from highly-rated Tillman Elementary, with easy access to Kirkwood's shops, restaurants, and commuter routes. A home with genuine personality — and the updates to back it up.
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.
