Back on the market, at no fault of the seller. Welcome to this well-loved, 3-bedroom, 2 bath home with 1469 sq ft of comfort, charm, and the kind of thoughtful improvements that make daily life easier. The open floor plan brings together the living room, dining area, and kitchen so everyone stays connected, whether you are cooking, chatting, or pretending to help cook while actually just taste testing. This main living area features recessed lighting plus a ceiling fan, creating a bright and airy space. The kitchen includes an island with bar seating, updated faucet with sprayer and soap dispenser, and plenty of room for the chef of the house or the microwave expert. The enlarged and screened back porch is the perfect spot to unwind. With freshly painted concrete and steppingstones leading out, it is ideal for morning coffee, evening tea, or escaping when everyone suddenly needs something at the same time. The 6 ft privacy fence extends toward the front on both sides, keeping pets in, neighbors out, and backyard relaxation uninterrupted. The oversized garage offers room for vehicles, hobbies, storage, or that treadmill you promise to start using. This home includes upgrades you will appreciate the moment you move in: irrigation system, gutters with downspouts and French drains on both sides, a whole house water shut off, 50-gallon water heater, hurricane protection devices, updated bathroom lighting, ceiling fans with lights in all bedrooms, and a shower sprayer added in the hall bath. Fresh paint throughout gives the home a clean and move in ready feel. Smart features include an ADT alarm system, Ring doorbell, and Eco bee programmable thermostat so you can adjust the temperature without leaving the couch. With practical updates, modern touches, and a warm personality, this home offers comfort, convenience, and just the right amount of charm. Come see it in person and prepare to fall in love.
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.
