Stunning Renovated Rancher on a Private Corner Lot — No HOA in Bel Air Welcome to this expansive, beautifully updated ranch-style home set on a private .29-acre corner lot. Meticulously maintained and thoughtfully renovated, this property offers generous space, exceptional flexibility, and the privacy today’s buyers desire—perfect for everyday living, entertaining, or multi-generational arrangements. Inside, a light-filled open-concept layout creates an inviting atmosphere. The spacious living room with a cozy fireplace flows seamlessly into the gourmet kitchen and dining area. The kitchen features granite countertops, tiled backsplash, stainless steel appliances, and abundant cabinetry, while the adjoining dining area provides direct access to the deck—ideal for effortless indoor-outdoor entertaining. The main level includes three generously sized bedrooms and a beautifully renovated full bath, offering comfortable single-level living with versatility to fit your needs. The finished walk-out basement dramatically expands the home’s living space. It includes a fourth bedroom, a fully renovated bathroom, a large family/recreation room, a private office or optional fifth bedroom, a dedicated laundry room, and direct access to the oversized attached garage—perfect for guests, extended family, or work-from-home flexibility. A comprehensive renovation in 2018 brought new windows, HVAC system, kitchen, bathrooms, and flooring, providing lasting peace of mind. The interior has just been freshly painted, and additional major updates include a new roof, new siding, and a new water heater. Storage is plentiful with space in the attic, basement, and garage. Parking is exceptional, with an oversized attached garage that fits two or more vehicles plus extensive storage, a private driveway, and a separate carport with its own driveway. All concrete has recently been replaced, enhancing both function and curb appeal. Step outside to your fully fenced backyard retreat. The six-foot privacy fence with extra-wide gate encloses a true outdoor oasis featuring a 15x30 above-ground pool with low-maintenance TREX decking, a 25x18 concrete sports pad with basketball hoop, raised garden beds ready for planting, and a brand-new playhouse and swing set. The deck off the kitchen creates the perfect space for gatherings, and the unexpected banana tree adds a fun, distinctive touch. With no HOA restrictions and located in an established neighborhood known for excellent schools and commuter-friendly convenience, this home combines modern updates, flexible living spaces, and an exceptional outdoor lifestyle—all in one remarkable package.
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.
