Belmont Beauty Blending Balance, Bonus, and Bliss! Welcome to easy living in the heart of desirable Belmont... South Point Village! Just minutes from historic downtown Belmont’s charming shops, local coffee spots, parks, and restaurants, this beautifully maintained mostly one-level home delivers both convenience and comfort. Start your mornings or unwind in the evenings on the big covered front porch — the perfect spot for rocking chairs, conversation, and enjoying the neighborhood. Inside, fresh paint and a bright, open layout create an inviting atmosphere from the moment you walk in. The kitchen flows seamlessly into the living area, making everyday life and entertaining effortless. Anchoring the living room is a cozy gas log fireplace, adding warmth and character. With both formal and informal dining spaces, you’re ready for everything from holiday gatherings to casual weeknight meals. The spacious owner’s suite offers a private retreat featuring dual closets, a relaxing soaking tub, and a separate step-in shower. Two additional bedrooms and a dedicated home office provide flexibility for guests, hobbies, or working from home with ease. Upstairs, you’ll find nearly 700 square feet of bonus flex space — ideal for a media room, playroom, home gym, second office, or guest retreat. It’s the kind of extra space buyers always appreciate once they have it. Outside, brand-new siding enhances the curb appeal, giving you confidence that the big updates are already complete. Mostly one-level living. Nearly 700 square feet of bonus space. A welcoming front porch. Gas log fireplace. Prime Belmont location close to everything that makes this town special. This one feels like home the moment you arrive. “Home is the starting place of love, hope, and dreams.”
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.
