Welcome home to this beautifully maintained 4-bedroom, 2.5-bath retreat on 1.35 private acres — just 15 minutes from Hull Street (Rt. 360) with shopping and restaurants as well as easy access to 288 and all of Richmond! With nearly 2,800 SF of living space, this home blends peaceful country living with everyday convenience. Pride of ownership shines through a long list of updates since 2018. The updated kitchen (2021/2022) features granite countertops, soft-close cabinetry, a lazy Susan cabinet, and stainless steel appliances — refrigerator conveys! There is an oversized breakfast nook that can accommodate a large kitchen table. From the kitchen you will find the large family room with the propane gas fireplace. Off the family room, there is a sunroom, with access to the new deck (2025) - sellers currently use it as an office space. The formal living is currently a second office space. Both full baths were updated in 2018/2019. The spa like owners bath was redone with top of the line shower as well as new flooring, double vanity and walk in closet. A walk up attic is off the owner's retreat, offering plenty of storage space. The remaining 3 guest bedrooms are all large with great closet space. Major systems are covered: both HVAC units replaced ~7 years ago, water heaters replaced in 2020, crawl space sealed & dehumidifier added in 2020, and the back deck replaced in 2025. Septic was resealed ~7 years ago and just pumped in 2026. Home is on public water; well (landscaping use only) has a newer motor — conveys as-is. Sheds and fireplace also convey as-is. Space, updates, acreage, and location — this one has it all. Schedule your showing today!
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.
