Welcome home to this beautifully renovated gem nestled just minutes from downtown Kent, where charm meets modern comfort. Thoughtfully updated from top to bottom, this home offers peace of mind with significant improvements already completed while still delivering warmth and character throughout. Step inside to find laminate flooring installed in 2018 that flows seamlessly through the home, complemented by abundant natural light and refreshed living spaces designed for everyday living and entertaining. The kitchen was updated in 2025 with new laminate countertops and sink, along with appliances including a stove and microwave (2018), washer and dishwasher (2021), refrigerator (2023), and dryer (2018), creating a functional and inviting heart of the home. The upstairs bathroom was fully renovated in 2019, featuring a tiled shower, updated flooring, and a vanity with quartz countertops. Extensive behind-the-scenes improvements include household plumbing redone in 2024, including a tankless water heater installed in 2025, a furnace and A/C installed in 2023, solid MDF interior doors added in 2019, and updated lighting and ceiling fans throughout the upstairs bedrooms. Outside, enjoy a fenced-in backyard—perfect for pets, gatherings, or relaxing. A deck and shed, both added in 2022, enhance the outdoor living space, while the built-in cabinetry on the stairway, installed in 2023, adds thoughtful storage and character. Additional improvements include a roof replaced in 2018 and basement waterproofing with a sump pump completed in 2024. With extensive renovations completed over the years and a prime location close to downtown Kent, shopping, dining, and Kent State University, this move-in-ready home offers comfort, style, and convenience in one complete package. Don’t miss the opportunity to make it yours.
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.
