Victorian charm meets contemporary design in a stunning multigenerational home that offers both comfort and opportunity. Fully remodeled, rental units are professionally decorated with on-trend furnishings—which are included as part of the sale. From top to bottom, this versatile estate features a total of 7 bedrooms and 6 bathrooms across multiple living spaces, making it ideal for extended family, guests, or savvy investors seeking income-generating rentals. Main Residence (4 Bed / 3 Bath): The heart of the property features the kitchen with modern conveniences, a farmhouse sink, new appliances, breakfast bar, dining nook, custom cabinetry and a walk-in pantry with an extra freezer. The exptensive addition to the home features a large family area on the main level, master retreat on the second level accessed via a private staircase, and a basement apartment with separate entrance or more living space for the family. The additional bedrooms of the main house are accessed via a second staircase in the beautifully restored Victorian portion of the home. The detached garage was converted into a 1 bedroom apartment on the upper level and a studio apartment on the main level. No matter which portion of the home in which you decide to reside, you'll be able to enjoy outdoor living with 2 expansive outdoor decks, perfect for entertaining under the stars. The bromine hot tub offers year-round relaxation. Whether you’re hosting summer BBQs or unwinding after a long day, this backyard sanctuary has it all. For incredible mountain views, you can relax on the rooftop of the main house, it is equipped with electrical and plumbing, it’s a blank canvas for a rooftop garden, lounge, or even future development. This home has been thoughtfully designed to accommodate multiple lifestyles: use it as a private estate, create a shared-living multigenerational setup, or unlock its potential as a highly flexible rental property. Modern convenience. Victorian soul. Endless possibilities.
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.
