Welcome to timeless Southern charm in this beautifully crafted Colonial-style home, custom-built by a true craftsman builder. Offering over 3,600 square feet of finished living space, this home provides room for everyone while maintaining warmth and character throughout. The main level features a spacious great room, perfect for gathering with family and friends, as well as a cozy den with a wood-burning fireplace and ample windows overlooking the backyard, creating the perfect place to relax while watching deer and enjoying the peaceful natural setting. The home also features a large kitchen with ample cabinetry, a comfortable breakfast nook, an office, and a formal dining room ideal for hosting family gatherings and holiday meals. With 5 bedrooms and 3½ baths, there is plenty of space for family, guests, or entertaining. The basement level is thoughtfully designed like a private apartment, complete with its own sunroom and workshop, creating the perfect setup for a blended family, guests, or extended family living. Upstairs, the heated attic provides more than 400 square feet of flexible space, ideal for a recreation room, home office, playroom, or additional storage. Storage is truly unbelievable throughout the home, with generous closets and storage areas designed for everyday functionality. Outside, the property is surrounded by mature trees that provide exceptional privacy, creating a peaceful setting while still being incredibly convenient. Enjoy being just a short golf cart ride to historic downtown Forest City, where you’ll find charming restaurants, boutiques, and local pubs. Outstanding public and charter schools are available. This one-of-a-kind home blends classic Colonial architecture, thoughtful craftsmanship, and modern convenience in a location that captures the very best of small-town living.
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.
