✨ Welcome Home to Comfort, Convenience & Charm ✨Enjoy the ease of living close to shopping, dining, entertainment, I-83, Route 30, hospitals, colleges, and schools — all nestled within a lovely neighborhood you’ll be proud to call home. This beautiful home welcomes you with a charming front porch and a maintenance-free stone-and-vinyl exterior 🤍. Step inside to an inviting foyer that flows into a spacious living room and family room, anchored by a stunning stone fireplace — the perfect spot for cozy nights and meaningful moments 🔥. The heart of the home is the kitchen, featuring an island, two pantries, an abundance of cabinet and counter space, a gas stove, and all appliances conveying 🍽️✨. The bright and cheerful dining room is filled with natural light and showcases beautiful windows, crown molding, chair rail, and timeless details. A sweet breakfast nook opens to a hardscape patio — ideal for morning coffee ☕, summer dinners 🌿, or simply enjoying the spacious lot. Upstairs, you’ll find three generously sized bedrooms, each offering plenty of closet space. The primary suite is your private retreat 💕 with a cathedral ceiling, en-suite bath featuring a shower and Jacuzzi tub, and double walk-in closets. Beyond that is an additional walk-in space — perfect for a studio, dressing room, or extra storage. The lower level is ready for your vision ✨ — game room, media room, home gym — with plenty of storage still available. The first floor features luxury vinyl plank flooring, and the second floor is ready for you to remove the carpet and continue that easy-care luxury vinyl plank throughout. th over 2,800 square feet of living space and a four-car tandem garage, there’s room for vehicles, toys, snowblowers, hobbies — whatever your lifestyle brings 🚗❄️🛠️. 💖 This home is absolutely beautiful — just waiting for your finishing touches to make it your own. 🏡
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.
