Are you ready for it??? Beavercreek schools and Fairborn taxes! This neighborhood is zoned for Trebein Elementary, which has the reputation of being a very highly-rated elementary school. As soon as you walk in you will be enchanted by the lofted entry. You and your lover will enjoy cooking meals in the spacious kitchen which is open to the dining room, and a family room so flooded with natural light you'll be feeling 22. Upstairs you will find all four bedrooms. Who says you can't have nice things; the primary bedroom has an adjoining full bath that is absolutely gorgeous and a massive amount of closet space for your dress. Need space for your eldest daughter to hang out with friends; you'll have that in the finished basement. Don't blame me when you also have a ton of storage space available in the unfinished side of the basement. It could take a fortnight to list all of the updates here but some of them include: roof November 2024, refrigerator July 2025, dishwasher range and microwave 2022, cedar privacy fence April 2025, primary bathroom remodeled in 2022, garbage disposal 2026, double sump pump 2020, water softener and water heater 2021, exterior and interior lighting 2026. Soon you will know all too well, it's only a 10-minute walk to the neighborhood fishing pond. Spend your cruel summer in exile out on the beautiful patio overlooking the fully fenced yard complete with swing-set. Hop in your getaway car and be on 675 in minutes! Shopping for a home can be like being sleepless in an onyx night but finding a beautiful home like this... now the sky is Opalite!
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.
