Professional photos scheduled for 3/23. Welcome to your serene retreat! This beautifully maintained 1,576 sq. ft. cottage offers the perfect blend of cozy charm and modern convenience. Nestled in a quiet HOA community known for its wide, peaceful streets, this home is designed for both relaxation and entertaining. Step inside to a bright, open-concept main floor that seamlessly connects the kitchen, dining, and living areas. If you love to cook, this kitchen is a dream come true, featuring an expansive island perfect for meal prep or casual morning coffee. Abundant cabinet space and a dedicated pantry for effortless organization. The kitchen offers direct access to the back deck, complete with a gazebo to provide a cool, shaded oasis for summer gatherings, perfect for indoor/outdoor access. The main level boasts a large primary bedroom with a large walk-in closet and a full primary bathroom. Two additional well-sized bedrooms share a modern second bathroom, making it an ideal layout for families or guests. The fully finished walk-out basement is a game-changer! With its own full kitchen, bathroom, and bedroom, it functions perfectly as a private in-law suite or guest apartment. And the storage? You’ll find "storage for days" down here, ensuring everything has its place. This could be a man cave or a girl's retreat as well! So many options with this fully finished space! The backyard is a private fully fenced, backs to parkland oasis that features: a ground level patio that is perfect for grilling, a handy under deck storage shed plus a large outside shed. The walkout basement entrance allows easy access to the fully stocked downstairs kitchen for easy indoor-outdoor flow. New carpet 2025, New Refrigerator 2025 Community Perks Living here means more than just a beautiful home—it’s a lifestyle. The HOA provides an incredible suite of amenities, including: Water Access: Boat ramp for weekend adventures. Fitness & Fun: Outdoor pool, tennis courts, fitness center, and jogging/walking paths, as well as a clubhouse, community center, picnic areas, and playgrounds (tot lots).
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.
