Discover an exceptional opportunity to own a charming brick ranch-style home in Sidney's desirable Riverbend Subdivision, a property perfectly suited for comfortable living and entertaining. This classic single-story residence presents three inviting bedrooms and 1.5 bathrooms, including a master bedroom thoughtfully connected to the half bath for added convenience. Enjoy the elegant and durable LVT wood flooring that extends throughout the entire home, creating a seamless and sophisticated aesthetic. Two distinct and spacious living areas provide ample room for relaxation and social gatherings, flowing effortlessly into the well-appointed kitchen and dining space. The kitchen features an abundance of cabinetry and includes all essential appliances, which are only six years old. The laundry room, conveniently located off the kitchen, adds to the home's practical design. The property boasts a 6-foot privacy-fenced backyard, ideal for children or pets, ensuring peace of mind. Additional outdoor amenities include two patios, perfect for alfresco dining or enjoying the serene surroundings. This home is truly move-in ready, making it an excellent choice for a first-time homebuyer or as a fantastic condo alternative, offering the ease of single-level living. Storage solutions are plentiful with a two-car attached garage, complete with a door opener and built-in storage and shelving, alongside two generous sheds measuring 14x14 feet and 11x10 feet, providing ample space for all your needs. Situated near Tawawa Park and just minutes from Sidney's vibrant downtown and I-75, this residence combines convenience with a welcoming neighborhood atmosphere. Experience the best of Sidney living in a home designed for comfort and modern functionality.
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.
