tunning and spacious single-family home featuring a fully new addition and a complete top-to-bottom renovation. This beautifully redesigned residence is far more than a typical remodel—it is a true transformation thoughtfully rebuilt for modern living. The fully independent addition offers exceptional flexibility with a private entrance, making it ideal for multigenerational living, extended family, guests, or work-from-home needs. Designed with dedicated living spaces, this unique layout offers the feel of two living areas under one roof while maintaining the comfort and functionality of a single-family home. From the moment you arrive, the oversized concrete driveway and modern exterior create impressive curb appeal and a true like-new construction feel. Inside, you'll find a bright and open floor plan filled with natural light and thoughtfully designed living spaces. The stunning new kitchen showcases modern cabinetry, beautiful countertops, stainless steel appliances, and an open-concept layout perfect for everyday living and entertaining. Extensively rebuilt with quality craftsmanship and attention to detail, this home offers peace of mind with major upgrades, including a new roof, gutters, windows, electrical panel, plumbing, HVAC systems, ductwork, flooring, paint, and modern finishes throughout. Offering 6 bedrooms, 3 full bathrooms, and 1 half bathroom, with additional flexible space for bedrooms, a home office, or a recreation area. The permitted addition includes 3 bedrooms, 1 full bathroom, 1 half bathroom, a spacious family room, an office, a dining area, a private entrance, and a stylish wet bar, creating a versatile and functional living environment. Beautiful oak hardwood floors enhance the main level, while the spacious layout blends comfort, functionality, and modern style throughout. Step outside to enjoy the new deck and patio, perfect for relaxing or entertaining. Rare opportunity to own a fully renovated, move-in-ready home with the feel of new construction. Conveniently located near shopping, restaurants, parks, everyday amenities, and major commuter routes. A rare find offering exceptional space, flexibility, and location. Schedule your showing 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.
