Welcome to this beautifully updated colonial tucked inside a great neighborhood on a quiet cul-de-sac! Set on an elevated lot for added privacy while still offering a flat, usable yard, this home has been thoughtfully reworked to better fit today’s modern, open-concept lifestyle. A covered front porch leads into the welcoming foyer, convenient half bath with new toilet, and newer LVT flooring throughout the main level added in 2021. The comfortable living room flows into a versatile playroom, while the beautiful eat-in kitchen offers a true chef-inspired feel with all-new Frigidaire stainless steel appliances, granite countertops, a coffee bar, abundant counter space, and plenty of room to gather. The expansive dining room features built-in shelving plus a painted brick wood-burning fireplace with blower and offers sliding door access to the backyard. Upstairs, you’ll find four bedrooms and a full hall bath with an oversized vanity, tub/shower combination, linen closet, and new toilet. The primary bedroom includes its own private bath with a standing shower. The unfinished lower level has been waterproofed and provides laundry hookups along with excellent storage space! Outdoor living is where this home truly shines! A newer privacy fence with gates creates a tucked-away feel, while the large Hen House deck and patio added in 2024 are perfect for relaxing or entertaining. The yard features an 8x12 cedar wood organic layering herb garden, two apple trees, two cherry trees, additional established garden beds that have produced pumpkins and corn, plus a large wooden playground with slide! Homestead-ready and designed to live well inside and out. Additional features include high-end Benjamin Moore paint, new light fixtures, and reinforced front-of-house improvements. This is more than just an updated house — it’s a thoughtfully designed property that offers comfort, privacy, functionality, and outdoor living in a setting you’ll love coming home to!
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.
