This is the one buyers have been waiting for-an upgraded, move-in ready Birchwood end-unit building in Arboretum Park that outshines recent sales with quality improvements, flexible living space, and exceptional natural light. Step inside to a bright, open-concept ranch layout featuring dramatic vaulted ceilings, two skylights, and a stunning living room anchored by a cozy gas fireplace-creating a warm yet elevated space for both everyday living and entertaining. The updated kitchen offers granite countertops, custom tile backsplash, generous cabinetry, and newer stainless steel appliances (2022), flowing seamlessly into the main living area. The spacious primary suite serves as a retreat with vaulted ceilings, a private balcony, walk-in closet, and full en-suite bath. Two additional bedrooms and a second full bath provide ideal flexibility for guests, work-from-home, or lifestyle needs. A rare standout feature is the fully finished, heated 2-car garage with vinyl flooring-currently used as a comfortable hangout space, offering incredible versatility for a home gym, office, or flexible entertaining space. Major mechanical updates provide peace of mind, including a new furnace and HVAC system (2026), A/C (2022), and water heater (2023). Professionally cleaned and truly move-in ready. Ideally located near I-355 and I-88 with easy access to shopping, dining, and everyday conveniences. Rentals allowed with no restrictions-perfect for both homeowners and investors. Schedule your private showing today-this is the upgraded opportunity buyers missed the first time around.
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.
