Welcome to this beautifully maintained 4-bedroom, 3.5-bath home offering approximately 3,000 square feet of comfortable living space, modern finishes, and thoughtful updates throughout. Set on a large lot that backs up to peaceful woods, this home delivers privacy, curb appeal, and plenty of room to enjoy both indoors and outside. Step inside to a bright, open main level featuring fresh paint, updated flooring, and a spacious flow between the kitchen, dining, and living areas. The kitchen offers granite countertops, stainless steel appliances, dark cabinetry, a center island, and stylish lighting, opening easily to the dining area and living room with fireplace. Large windows throughout the main living spaces bring in great natural light and views of the surrounding greenery. Off of the kitchen you have a spacious dining area that flows into a bonus room, which is perfect for another office, flex space, or recreation area. The home features large bedrooms on the second level. There are two bedrooms with en suite bathrooms, including a spacious primary suite with a large walk-in closet and private bath complete with dual vanity, soaking tub, and separate shower. Additional bedrooms offer flexible space for guests, office use, hobbies, or recreation. A large third floor bonus room provides even more versatility and can serve as a media room, workout space, playroom, or additional lounge area. Outdoor living is a highlight, with a welcoming front porch, rear patio, pergola, and a generous backyard backing to woods. The large driveway has just been resealed, and the attached garage adds everyday convenience and storage. Additional features include a newer HVAC system, fresh paint, well-maintained interiors, modern fixtures, laundry room, and plenty of storage throughout. With its spacious layout, updated finishes, private backyard setting, and move-in ready condition, this home is a standout opportunity. Schedule a tour with your agent today!
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.
