Welcome home to an incredible sprawling ranch home in a phenomenal location with panoramic views of Indian Trail Park, and a series of million-dollar homes throughout this gem of a neighborhood. Equally important, this home feeds into District 225 and, in October of 2025, Glenbrook High School District 225 ranked as the #1 Best School District in America. In short, this beautiful home matches up with an unparalleled location and it is nestled in an exceptional school district. This is a true trifecta. This particular home features a huge yard, ample green space between your home and the neighbor's home, which is unheard of, and a walking path to Indian Trail Park just north of your home featuring a playground, tennis courts, basketball courts and more! There is direct access to two private parks literally steps from your backyard. Nearly no home has that. It is a hidden gem on the outside. And it is a gem on the inside! Walk into an expansive family room area featuring a beautiful marble faux fireplace, a stunning Restoration Hardware chandelier and a room dotted with recessed lighting and large, east and north facing windows that just warm up your home with natural, crisp sunlight along with newly refinished hardwood floors. Then. The kitchen! It is gorgeous! It stuns with its white, 42" shaker-style kitchen cabinets with extended polished chrome handles, new hardwood flooring in the kitchen, Calacatta quartz countertops chased up through the backsplash, a massive kitchen island that easily seats 8 people and base kitchen island cabinets that serve as additional storage space, and top-of-the-line appliances and fixtures; namely, a deep 30" sink, a 36" custom black hood vent, an imported, Italian Fulgor double oven, a newer refrigerator and a 36" Viking stovetop with a pasta arm. Then, enjoy three spacious bedrooms with ample closet space. One of the bedrooms features a primary bedroom decorated with yet another expensive Restoration Hardware chandelier and a custom primary bathroom accentuated with designer tilework and custom brick, herringbone patterned floors. And there is more! The southern section of this home consists of a sunroom and a bonus room. The sunroom is insulated and updated, and it features ample storage space and the custom patio doors lead to a refinished deck as it transitions perfectly to your rear yard, which then leads to the park! Come to think of it: it actually feels like your own park! The garage has been converted into a bonus room and an in-home office, and it has been insulated with a ductless AC system and a heat vent system; additionally, this room can easily be converted back to a garage. The concrete driveway has also been expanded in order to easily accommodate several cars. Well, welcome home, and enjoy! This home is a true 10 but it shall be conveyed in an as-is, where-is manner.
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.
