Welcome to this beautifully maintained home offering approximately 3,000 square feet of thoughtfully designed living space in the highly desirable Yankee Trace community, located within the award-winning Centerville City School District. From the moment you enter, you are greeted by a soaring two-story foyer and an open, light-filled layout. The well-appointed kitchen features granite countertops, stainless steel appliances, a pantry, and ceramic tile flooring, seamlessly connecting to a spacious living room with a stunning cathedral ceiling. A formal dining room and bright breakfast area lead to a freshly stained deck—perfect for both everyday living and entertaining. The main-level primary suite provides comfort and convenience, complete with a tray ceiling, a large walk-in closet, and a private full bath. Additional main floor highlights include a laundry room and a half bath. Upstairs, a versatile loft overlooks the main living area and is accompanied by three generously sized bedrooms and a full bath. The finished lower level offers exceptional additional living space, featuring a large family room, wet bar, and a third full bath—ideal for gatherings. A bonus room provides flexibility for a home office or hobby space, along with an unfinished utility room for extra storage. Major updates include a new roof, gutters, and downspouts (2024), providing a fully updated exterior drainage system, along with basement waterproofing, new carpet and padding, sump pump, interior painting, updated switches and GFCI outlets, and exterior smart lighting (2024); exterior painting, deck staining, and concrete leveling (2025); and a new air conditioning system (2021). Enjoy resort-style living with access to Yankee Trace amenities, including walking trails, pools, tennis and pickleball courts, clubhouse, and playground. Move-in ready with occupancy at closing. This is a home you won’t want to miss!
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.
