Welcome home to this beautifully maintained top-floor condo offering the perfect combination of comfort, convenience, and low-maintenance living! With 2 spacious bedrooms, 2 full bathrooms, and soaring vaulted ceilings, this home feels open, inviting, and ready for its next owner after 20+ years. Luxury vinyl plank flooring flows throughout most of the home, adding both style and years of durability. The spacious second bedroom opens to your private deck, which was recently painted and sealed, creating the perfect spot to relax with your morning coffee or unwind in the evening with a glass of iced tea while enjoying the peaceful surroundings. The thoughtfully designed kitchen makes meal preparation easy with a pantry featuring a convenient Lazy Susan for effortless organization and access to all your cooking essentials. Best of all, the refrigerator, washer, and dryer are all included, making this truly move-in ready. The primary suite and second bedroom provide flexible space for guests, a home office, or roommates, while two full bathrooms add everyday convenience. An intercom entry system allows you to buzz in guests without leaving your home, offering both comfort and added security. Primary bedroom offers a spacious walk in closet and the second bedroom offers dual closets providing ample storage. This desirable unit also includes a private one-car garage and a generously sized storage room on the lower level, providing plenty of space for seasonal décor, tools, hobbies, and more. Mature trees in front of the building provide welcome shade, helping keep the home cooler during the warmer months while adding to the peaceful setting. If you've been looking for a spacious, move-in-ready condo with over 900 square feet of living space, abundant storage, and a private outdoor retreat, this one checks all the boxes. Don't miss your opportunity to make this exceptional home yours! This home currently has a VA loan and there is a chance it could be assumable allowing you to potentially get the incredible benefit of a very low interest rate... restrictions apply
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.
