Bright, updated, and thoughtfully upgraded, this spacious single-story home blends modern comfort with practical upgrades for everyday living, comfort, and extended peace-of-mind. Located on a generous quarter-acre lot, this 4-bedroom, 2-bathroom home offers 1,716 sq ft of living space and features a finished rear garage with its own full bath, making for 3 total bathrooms on the property. This modern, turnkey home is move-in ready with recent, high-quality upgrades including a new roof (March 2023), a new 4-ton central HVAC unit with all new ducting (January 2023), new windows across the front of the house (May 2021), and fresh exterior paint (May 2023). Inside, the home has fresh paint throughout, new luxury carpet in all bedrooms (January 2025), and new ceiling fans. The front living room features a custom built-in coat rack and storage bench. The updated kitchen features a new gas range and hood, a Samsung Bespoke SmartThings refrigerator, a built-in dual zone beverage center, epoxy-refinished countertops, and soft-close cabinets. The rear family room is designed for a theater experience with unique 3D wall tiles. A custom barn door leads to a separate indoor laundry room. The primary bedroom includes a private ensuite bathroom and large walk-in closet. A standout feature is the finished 24' x 22' rear garage complete with a full bathroom, dedicated hot water heater, EV charging outlet, and 240V power, offering multi-generational living possibilities or use as a workshop or studio. The front yard boasts newly planted sod and a sprinkler system (March 2024) and is fully fenced for privacy. Additional perks include exceptional storage, a newly built carport, a vinyl shed, RV dump and power hook-ups, and generous parking for up to 8 vehicles. This updated home and property are the complete package.
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.
