Step into the heart of downtown Amherst and fall in love with this charming 3-bedroom, 2-bath century home that perfectly blends historic character with modern comfort. Just a stone’s throw from the legendary Hot Dog Heaven (yes, you really can smell the fries from the front porch) and within easy walking distance to downtown shops, restaurants, and Amherst schools—this location is simply unbeatable. Inside, you’ll find all the warmth and personality you’d expect from a true century home: rich wood accents, fresh paint, and beautiful hardwood floors that have only gotten better with time. The spacious eat-in kitchen is a true showstopper, featuring updated cabinetry, a large storage-packed island, and plenty of natural light pouring in. A cozy enclosed front porch sets the scene for slow mornings with coffee, rainy afternoon reading sessions, or simply watching the world go by. The first floor boasts an oversized half bath—already generous in size and easily convertible to a full bathroom down the road. Tasteful finishes continue upstairs where you’ll find three cozy, well-appointed bedrooms that make the perfect retreat at the end of the day, along with a surprisingly spacious full bathroom featuring built-in cabinetry and a charming hidden laundry chute for added convenience. Off the bathroom you'll find a private second-floor balcony overlooking the expansive backyard. Whether you envision gardens, gatherings, pets, play, or peaceful evenings under the stars, this yard delivers. A large 2-car garage adds even more convenience. Major updates bring peace of mind, including a fully waterproofed basement (interior AND exterior) with a transferable warranty, a brand-new hot water tank, and a newer privacy fence enclosing the backyard. Move-in ready, full of charm, and located in one of Amherst’s most sought-after pockets—homes like this don’t come up often. Get in now… because this one is bound to go fast.
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.
