Welcome to this stunning 6-bedroom, 4.5-bath home that perfectly blends style, comfort, and functionality. Ideally situated in a sought-after neighborhood just minutes from Regency Furniture Stadium, White Plains Golf Course, UM Charles Regional Medical Center, and an array of shopping and dining options—this home offers the perfect balance of tranquility and convenience. Step inside to find a beautifully designed interior with thoughtful upgrades throughout, including a brand-new roof (2025) with a 50-year transferable warranty, a tankless water heater, and a chef-inspired kitchen with an extended island, double ovens, and a mudroom that makes everyday living effortless. The main-level bedroom is perfect for guests or multi-generational living, while the upstairs loft provides the flexibility for a playroom, lounge, or additional office space. Dual-zone climate control ensures year-round comfort for every level. The fully finished basement expands your living possibilities—featuring a dedicated home office, a theater/media room ready for movie nights and game days, plus space ideal for a home gym or additional guest suite. This home truly delivers space, elegance, and versatility designed to meet the needs of modern living. The seller is open to considering closing cost assistance with a strong and reasonable offer. Buyer Alert: Ask about the assumable VA loan opportunity a rare chance for qualified buyers to take advantage of existing favorable financing terms. Note: Photos showcasing furniture are virtually staged to inspire buyers with ideas on how to maximize the home’s space and layout.
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.
