Welcome to space, comfort, and room to grow - just minutes from Rushville in desirable Rush County. This beautifully maintained multi-level home offers 5 spacious bedrooms and 4 full bathrooms, with the flexibility to create additional bedrooms if your family needs even more space. Designed for second or third-time buyers ready to upgrade, this home delivers the layout and functionality growing families are searching for. All bedrooms are conveniently located on the upper level - along with a dedicated laundry room right where you need it most. The primary suite offers comfort and privacy, while the additional bedrooms provide generous space for kids, guests, or hobby rooms. The main level is built for gathering. A large kitchen anchors the home, featuring abundant cabinetry, a walk-in pantry, and plenty of prep space for busy mornings and holiday hosting alike. The kitchen flows seamlessly into the dining room, living room, and a welcoming family room complete with a fireplace - creating multiple spaces for entertaining, relaxing, and making memories. Just inside the back door, you'll find a well-thought-out mudroom - the perfect drop zone for coats, backpacks, and shoes - conveniently positioned as you head out to the deck for grilling and outdoor entertaining. It's functional living designed with a busy household in mind. Work from home? You'll love the beautiful private office that offers quiet productivity without sacrificing bedroom space. Outside, the oversized 3-car detached garage with electric provides room for vehicles, storage, workshop space, or recreational equipment - ideal for an active family that needs extra flexibility. If you've outgrown your current home and are ready for more bedrooms, more functionality, and more breathing room - all while staying close to town conveniences - this property checks every box. Homes with this much space, condition, and versatility don't sit long. If you've been waiting for the right move-up opportunity th
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.
