Set on a close to a half an acre parcel, with an extra-deep driveway and polished curb appeal, this home was once the builder's model and still shows the attention to detail that status implies. A soaring, two-story foyer ushers you into a front formal living room bright with daylight--perfect for quiet conversations or a good book. A dedicated dining room sits nearby for holiday meals, while the rear of the home opens into an expansive family room that blends seamlessly with the kitchen to keep everyone connected. The kitchen is truly the hub: granite surfaces, a substantial center island, a stainless appliance suite with built-in microwave, can lighting, upgraded fixtures, and plentiful maple cabinetry deliver both function and style. A sunny breakfast nook links the kitchen to thescreened porch, creating an easy indoor-to-outdoor flow and clear views across the backyard during meals or casual gatherings. A main-level bedroom paired with a full bath adds day-to-day flexibility, making it ideal for long-term guests, a private office, or multigenerational livingwhile preserving the openness of the first floor. At the top of the stairs, a gallery-style landing overlooks the foyer and living room, enhancing the sense of volume. The king-sized primary suite has been completely renovated and looks absolutely incredible! It includes dual walk-in closets and a well-appointed bath with two sinks, a brand new shower, and a handy linen closet. Three additional bedrooms share a hall bath with twin vanities, and an open loft provides bonus space for a media area, play zone, fitness corner, or study spot. Out back, a fully fenced, wide and usable yard invites weekend funthink raised beds, a play set, or a future fire pitwhile the screened porch becomes your morning-coffee and evening-wind-down spot. Recent and practical touches include fresh interior paint, plush carpet with premium padding, and low-maintenance LVP flooring. Model-home trim details and display upgrades lend a custom feel throughout. A two-car garage and smart storage round out the everyday conveniences. All of this sits moments from everyday shopping and dining, nearby parks, and key commuter routesdelivering generous square footage, a layout that adapts as your needs evolve, and outdoor living that truly expands the way you use the home.
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.
