Beautifully maintained 4-bedroom home offering the perfect blend of timeless character and modern updates. From the moment you arrive, you’ll appreciate the inviting covered front porch and charming curb appeal. Step inside to a warm and welcoming main living area featuring stunning exposed wood beam ceilings, creating a cozy yet spacious atmosphere. The layout flows seamlessly into an updated kitchen complete with modern cabinetry, ample counter space, and functional design—perfect for everyday living and entertaining. The home also features an enclosed patio/sunroom, providing additional versatile space—ideal for relaxing, a mudroom, or extra storage. Upstairs, you’ll find four generously sized bedrooms along with bonus living areas that offer incredible flexibility for a home office, playroom, or additional lounge space. The home also includes a large full bathroom with double vanity, soaking tub, and separate shower, offering both comfort and convenience. Recent updates include a new gas furnace and new water heater, giving buyers peace of mind and improved efficiency. Outside, enjoy multi-level yard space—perfect for entertaining, gardening, or creating your own outdoor retreat—along with the added benefit of off-street parking. Additional highlights include: • Bright natural light throughout • Flexible upper-level layout with added usable space • Well-maintained interior with a mix of character and updates • Dedicated storage and functional layout • Basement area with updated electrical panel Whether you’re looking for your first home or a property with room to grow, this home offers space, charm, updates, and value all in one. Don’t miss your opportunity to own a unique 4-bedroom home with character you simply can’t replicate.
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.
