Tucked away on a quiet country road in Maurertown, this beautifully updated 3-bedroom, 3-bathroom farmhouse blends timeless 1940s charm with thoughtful modern upgrades on 1.82 private acres. Surrounded by natural bamboo for added privacy, this property offers a peaceful setting with inviting indoor and outdoor living spaces designed for both everyday comfort and entertaining. Originally rich in character, the home was expanded in 2015 with a stunning cedar-sided addition that enhances both space and functionality. Inside, you’ll find a spacious primary suite, a bright and welcoming sunroom, dedicated office space, and a well-defined dining area—all complemented by hardwood flooring and a cozy gas fireplace. The updated kitchen, renovated in 2021, features granite countertops, modern finishes, and improved plumbing, making it as functional as it is stylish. Main-level laundry adds everyday convenience. Step outside to enjoy the charming front porch or unwind on the newly installed stone patio and pergola-covered entertaining area, complete with ceiling fans and roller blinds (2024). Whether hosting guests or enjoying a quiet evening, this outdoor space is a true highlight. Major system upgrades provide peace of mind and efficiency, including a state-of-the-art closed horizontal geothermal system, Anderson windows in the family room (2020), a metal roof freshly painted in 2018, and a RainSoft water purification system installed in 2023. Additional improvements include a new carport with solar (2019), EV charging station (2023), updated siding, new front entry door, and extensive plumbing updates. A storage shed with new roof and siding (2023) offers additional space for hobbies, storage, or workshop use. With a blend of farmhouse charm, modern efficiency, and serene surroundings, this property offers a rare opportunity for refined country living. Some furnishings will convey, adding even more value to this exceptional home.
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.
