Welcome to 14106 Howard Road, a rare opportunity to own a beautifully updated farmhouse rich in Dayton history, set on a beautiful three-acre lot. Situated on a road named for the original 240-acre farm assembled between 1859 and 1877 by George A. Howard, grandson of Maryland’s 5th governor, John Eager Howard, this early 20th-century home blends timeless character with thoughtful modern improvements. From the moment you arrive, the circular driveway, lush landscaping, and inviting front porch with classic swing set the tone for this special property. Inside, a gracious foyer welcomes you with original hardwood floors and a striking staircase. The cozy family room features a wood-burning fireplace, custom built-ins, and detailed crown moldings, while the spacious dining room offers a second fireplace with an electric insert, perfect for gatherings. The rear of the home showcases a stunning, fully updated kitchen featuring granite countertops, stainless steel appliances, a custom backsplash, new cabinetry, a pantry, and a charming window seat overlooking the backyard. A secondary staircase provides convenient access to the upper level. The main floor also includes a laundry room (with sink), butler’s pantry, a spacious mudroom, powder room, and additional storage. Upstairs, the primary suite features a private bath with a newly added shower seat. Three additional bedrooms offer generous closets and built-ins, complemented by an updated hall bath. The finished attic, complete with library shelving, provides a flexible bonus space ideal for a playroom, office, or additional bedroom. Original details such as heartwood flooring, bullseye molding, a distinctive newel post, and a solid oak banister preserve the home’s authentic charm. Outside, the picturesque grounds include a pond, mature specimen trees (including tulip magnolia, holly, and oak), and a large open field once used as a pasture or riding ring. Multiple outbuildings enhance the property, including a two-car garage with attached pony stable, a tool shed, chicken coop, and an impressive detached guest space. This space features a family room with fireplace, bedroom, kitchenette, full bath, loft, and a covered lanai spanning the back, ideal for entertaining or multi-generational living. Recent updates include fresh paint, newer roofs, new windows, and owned solar panels for added efficiency. A property with historical significance, without historic designation restrictions, this is a truly unique offering that combines heritage, charm, and modern comfort.
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.
