Timeless elegance meets modern comfort in this stunning brick-front home, perfectly situated on a beautifully landscaped lot that backs up to peaceful green space. From the moment you step onto the charming covered front porch, you’ll feel the warmth and welcoming character that define this home. Inside, a dramatic two-story family room filled with natural light creates a grand first impression. The open-concept design flows effortlessly into the gourmet kitchen, featuring white cabinetry, granite countertops, and a spacious keeping room that’s perfect for relaxed mornings by the fire. A bright and inviting sunroom extends your living space and offers year-round enjoyment of the tranquil backyard views. There are 2 bedrooms on the upper level and a huge bonus that could easily be an additional bedroom. The master suite on the main level provides ultimate convenience and privacy, while the fully finished terrace level offers a versatile in-law suite complete with its own kitchen, living area, 1.5 baths, 2nd laundry, & fireplace with private entrance—ideal for guests or multigenerational living. Entertain with ease in the sparkling 24ft backyard pool with a charming gazebo that invites outdoor gatherings or quiet evenings under the stars. Every corner of this home is thoughtfully designed to combine elegance, function, and comfort in one exceptional package. Don’t miss your chance to experience life in a home that truly has it all.
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.
