Open Sat, 3/28, 12-2pm. Welcome to this beautifully maintained ranch located in the highly sought after Parkway School District-Parkway West HS. Offering 3 bedrooms and 3 full baths, this home combines comfortable living with thoughtful updates and flexible space. Step through the inviting front entry and you’ll find a versatile office or sitting room off the main, perfect for working from home or a quiet reading room, which flows seamlessly into the formal dining area—ideal for hosting gatherings. Towards the back, it opens into a spacious living room and kitchen combo- filled with natural light from a charming bay window and centered around a cozy gas fireplace. The kitchen is designed for both everyday living and entertaining, featuring granite countertops, a large center island, ample cabinetry, and a gas range. The main-level primary suite provides a comfortable retreat, while two additional bedrooms and a full guest bath complete the main floor. Downstairs, the finished basement offers even more living space with a large recreation area featuring built-in bookshelves and storage, plus a bonus sleeping area with a walk-in closet and a full bathroom with a custom tiled shower —perfect for guests or extended living. The outdoor living is just as impressive! Enjoy a beautiful park-like fenced backyard with a large deck off the kitchen, ideal for relaxing or grilling, and a covered patio accessible from the walk-out basement. Car enthusiasts and hobbyists will appreciate the oversized 2-car garage with extra space for a third vehicle or workshop. Recent updates include a newly poured driveway, laminate hardwood flooring, newer HVAC with steam humidifier, and whole home water filtration system. Conveniently located just minutes from Queeny Park and major highways, providing easy access to parks, shopping, dining, and commuting routes. This home offers the perfect blend of space, comfort, and location—don’t miss your opportunity to make it yours!
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.
