Welcome to this beautifully updated home tucked away on a private street, offering peaceful privacy with sunrise views from the breakfast nook and warm sunset moments from the backyard. Thoughtfully refreshed throughout, the home features a newly updated kitchen, new flooring, fresh paint, recessed lighting, new landscaping, plus extensive system upgrades, including new plumbing, electrical, window screens, and more. Every improvement was made to create a truly move-in-ready living experience. The main level is entirely on one floor with no stairs and includes two spacious bedrooms, two full bathrooms, and an additional three-quarter bath. Just off the kitchen is an office or optional third bedroom with its own bathroom that can be closed off as a private suite—ideal for guests, remote work, or flexible living. An elevator provides seamless access from the main level to the garage and continues down to the lower level, making the home exceptionally convenient for multigenerational living or anyone preferring stair-free access. The lower level features a desirable ADU-style mother-in-law suite with its own private entrance along the side of the home. This flexible living space includes a bedroom, a kitchen area equipped with a portable cooktop, microwave, garbage disposal, and a large refrigerator, a spacious walk-in closet or storage room, and a full bathroom. With potential for its own dedicated laundry, this level is ideal for extended family, guests, rental income, or independent living for a loved one. Additional highlights include an upstairs laundry room off the kitchen, a separate storage or gardening room beneath the home, and an attached two-car garage with elevator access. A long driveway and additional parking areas offer ample space for residents and guests. The neighborhood is friendly and walkable, often filled with neighbors enjoying the fresh air with their dogs. Lovingly cared for and updated, this exceptional property offers versatility, comfort, and privacy in a serene setting. With beautiful views, thoughtful upgrades, and endless living possibilities, this is a rare opportunity—especially now being offered for the first time in 30 years.
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.
