**Preferred lender incentive available, offering 1% towards closing costs** Nestled on a private half-acre cul-de-sac lot, this impressive brick-front colonial offers more than 4,000 finished square feet of beautifully designed living space across three finished levels. Featuring 5 bedrooms, 3.5 bathrooms, and a rare four-car garage configuration with both an attached two-car garage and a detached two-car garage, this home seamlessly blends comfort, functionality, and exceptional outdoor living. The heart of the home is the gourmet kitchen, thoughtfully updated with quartz countertops, a center island, stainless steel appliances, tile backsplash, and abundant cabinetry, creating the perfect space for everyday living and entertaining. The spacious floor plan offers generous living and gathering areas, including a dramatic family room with soaring ceilings and a cozy fireplace, as well as a main-level office ideal for working from home. Upstairs, the expansive primary suite provides a true retreat, complete with a large walk-in closet and a beautifully renovated ensuite bath featuring custom vanities, ceramic tile, and a luxurious frameless glass shower. Additional bathrooms throughout the home have been tastefully updated with high-end finishes and timeless design. The fully finished lower level expands the living space with a fifth bedroom, full bathroom, and versatile recreation areas perfect for guests, hobbies, fitness, or movie nights. Step outside and discover your own private backyard oasis. Enjoy summer days by the sparkling in-ground swimming pool, unwind on the screened-in deck overlooking the fenced yard, or gather with friends and family on the spacious patio surrounded by mature trees and lush landscaping. The combination of outdoor amenities and privacy makes this property ideal for both relaxation and entertaining. Offering an exceptional blend of indoor elegance and outdoor enjoyment, this beautifully updated home is a rare opportunity to own a private retreat while remaining conveniently close to shopping, dining, commuter routes, and everyday conveniences. Roof and gutters, lower level carpet, pool pump : 2025. Windows, gas water heater, dishwasher, sump pump : 2024. Interior and exterior painting to include cabinetry : 2023. Upper level carpet : 2019.
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.
