$15000,00 Price Improvement. Sellers are motivated to sell. Welcome to refined living at 118 Equine Drive, Marietta, PA. Offering over 3,100 square feet of beautifully designed living space, this impressive 4-bedroom home blends modern elegance with thoughtful craftsmanship in a desirable neighborhood setting. The main living area is anchored by a striking custom-built feature wall, perfectly designed to house both a mounted television and electric fireplace. This eye-catching focal point creates a warm, upscale atmosphere while delivering clean lines and functional design—ideal for entertaining or relaxing in style. The open-concept layout flows effortlessly, filled with natural light and complemented by spacious rooms and generously sized closets throughout, offering both comfort and storage rarely found in today’s market. Each bedroom serves as a private retreat, while the home’s layout balances openness with everyday livability. One of the home’s most valuable features is the huge unfinished basement, presenting an exceptional opportunity for instant equity. With abundant square footage and endless potential, the basement is primed to be transformed into additional living space—whether a home theater, gym, guest suite, or entertainment area—allowing the next homeowner to significantly increase the home’s value through customization. Outside, the property offers a private setting perfect for unwinding or hosting, while still being conveniently located near major routes, shopping, and dining. This home delivers luxury, space, and future value—an outstanding opportunity for buyers seeking both immediate comfort and long-term investment potential. You will get the feel of being in a brand new home once you step foot inside this gem built in 2022!
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.
