A true showstopper, this stunning 4BR/3.5BA stone-front rambler is perfectly sited on 1.54 picturesque, tree-lined acres—offering the ideal blend of privacy, space, and versatility. Designed for effortless main-level living with the bonus of a fully finished second level, this home delivers both comfort and flexibility for today’s lifestyle. A charming covered front porch welcomes you in, setting the tone for what’s inside. Step through the foyer to find beautiful hardwood floors, a private home office, and a formal dining area accented with elegant crown molding. The heart of the home opens to a spacious living room with soaring vaulted ceilings and a sun-filled bay window, seamlessly flowing into the fully updated kitchen with tasteful finishes, wall oven, gas range, and easy access to the back deck—perfect for indoor-outdoor living and entertaining. The thoughtfully designed layout offers a private primary suite wing with vaulted ceilings, dual walk-in closets, and a beautifully remodeled, spa-inspired bath showcasing a stunning tiled shower. On the opposite wing, two additional generously sized bedrooms share a full bath, providing both comfort and privacy. The fully finished walk-out lower level expands your living space even further, complete with a fourth bedroom, full second kitchen, expansive recreation and entertaining areas, a cozy fireplace, workout room, and abundant storage—so many possibilities for this space. Step outside to your own private retreat—an expansive, tree-backed yard, offering peace, privacy, and room to roam, all within a welcoming community setting. Pride of ownership shines throughout every inch of this beautifully maintained home—this is one you won’t want to miss.
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.
