This one has it all - and the updates to prove it. Beautiful Oak Hardwood floors flow throughout the main and upper levels, setting a warm, welcoming and polished feel from the moment you step inside. The updated kitchen features rich blue-gray cabinets, granite countertops, and amazing sink with plenty of room for your biggest pots and pans and refreshed lighting. A brand new 5 burner gas stove will make cooking a breeze. The custom walnut floating shelves add a special touch. The skylights drench the family room and breakfast area with natural light all day long. The home offers 3 bedrooms, 2 full baths, and 2 half baths, giving you the flexibility to grow, host, or settle in comfortably. The main-level laundry room has been outfitted with all-new cabinetry, keeping things functional and organized. There is also a pull out butler's pantry in this space for easy access storage. The spacious dining room will allow for wonderful memories to be made around the table. The formal living room is currently a beautiful music room featuring built-in bookshelves, allowing you to pick a book and soak into a comfy chair. Upstairs, the owner's suite features new lighting, new faucets and a brand-new shower that feels luxurious. The finished basement adds serious versatility, its layout adapts to your lifestyle, whether you need a home office, a workout room, a playspace, or a guest retreat. A half bath downstairs makes this a true extension of the home, and it could easily function as an unofficial fourth bedroom. Out back, a new and large screened porch addition features beautiful accordion doors, ceiling fans and accent lighting setting the scene for entertaining and unwinding. Listen to the birds as you sip your coffee, read your book or enjoy gatherings with family and friends. Outside near the patio is the perfect place for your grill. The backyard is fully fenced. Outside find a dedicated storage shed keeps all your outdoor gear, gardening tools, bikes, and toys neatly tucked away and ready for the weekend. Upgrades include: Newer water heater, hardwood floors, New cabinets in laundry room, new backsplash, new gas stove, Walnut floating shelves, new lighting throughout, new owner's suite shower, new faucets in the owner's suite and fresh landscaping! AND a cul-de-sac street. Bright, updated, and move-in ready. This is the one.
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.
