Welcome to this charming 4-bedroom, 3-bathroom home nestled in an established subdivision with no HOA-offering both character and flexibility in a quiet, serene setting surrounded by mature trees, yet just a quick 25-minute drive to the airport, making it ideal for those who love to travel or need convenient access to the city. Residents are eligible for membership to nearby Swan Lake. Step inside to a bright and inviting living room featuring high ceilings, a stone fireplace, and custom built-in bookshelves with hardwired accent lighting-creating the perfect blend of warmth and functionality. The layout flows seamlessly into the dining area and kitchen, making it ideal for both everyday living and entertaining. The kitchen is thoughtfully designed with a butcher block island, ample cabinetry, a walk-in pantry, and direct access to the back deck, making indoor-outdoor living effortless. This home offers two primary suite options, providing flexibility for multi-generational living or guest accommodations. The current primary suite has been beautifully updated with contemporary finishes, while the second features a tray ceiling, soaking tub, and separate shower for a more traditional retreat. The extended driveway provides ample parking and easy access for multiple occupants, leading directly to a lower-level bedroom with a private entrance-ideal for multi-generational living or rental potential. The main level guest bedroom is spacious and versatile, perfect for guests, home offices, or hobbies. Outside, you'll find a private, natural setting highlighted by mature trees, a covered back porch, and a welcoming front porch-ideal for relaxing or gathering with friends and family. Conveniently located near shopping, dining, and schools, this home offers the perfect balance of comfort, space, flexibility, and accessibility.
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.
