A Rare Financial Opportunity: This property offers an optional Assumable loan with Roam at 3.875% FHA mortgage rate, offering a significant financial advantage in today’s market. Location & Convenience in Lawrenceville: This home is ideally situated in a prime Lawrenceville location, offering a peaceful “town and country” feel with quick access to shopping, dining, and State Road 316. Enjoy peaceful living with easy access to work, recreation, and top-rated schools. Community & Recreation: Great River at Tribble Mill. This home is perfectly positioned in a beautifully maintained community, offering private, premium amenities including a resort-style pool, tennis courts, clubhouse, and playground. Adjacent to the community, the 700-acre Tribble Mill Park provides an expansive natural extension of your backyard, featuring endless hiking and biking trails, a fishing lake, and wide-open green spaces—all just minutes from your front door. Home Features & Recent Updates: This traditional brick and stone home offers immediate visual appeal with polished landscaping and a spacious front and back lawn. Recent updates ensure move-in readiness with new interior and exterior paint throughout, new hardwood floors throughout the main level, new stainless steel appliances in the kitchen, and beautiful light fixtures installed throughout the home. The roof is approximately 5 years old. The property also includes a whole house water filtration/softener system, a front and back yard irrigation/sprinkler system, and is located in a cul-de-sac for added privacy and charm. Interior Layout & Flow: Step into a welcoming, light-filled two-story foyer with soaring ceilings. A dedicated formal dining room with wainscoting and a chandelier is balanced by a versatile front room, ideal for an office, study, or sitting area. The main living space is anchored by a fireside family room with a coffered ceiling and two-sided built-in bookshelves, opening seamlessly to the kitchen. Kitchen: Designed for function and entertaining, the kitchen features granite countertops, a central breakfast bar and island, and a large walk-in pantry. The adjacent breakfast nook provides direct patio access for easy indoor-outdoor dining. Main Level Convenience: Includes a full bedroom and full bath on the main floor—perfect for guests or a large, private home office. Upper Level Retreat: The spacious primary suite is a private retreat, featuring a sitting area with a double-sided center fireplace and a vaulted ceiling. The spa-like primary bathroom includes a jet soaking tub, a separate glass shower, double vanity with abundant counter space, and his and her closets. The upper level also includes a second ensuite bedroom with its own full bath. Two additional bedrooms, another full bath, and a centrally located laundry room complete this level for ultimate convenience. Outdoor Living & Entertaining: The large backyard features a patio and a standout freestanding large covered gazebo. This structure offers substantial sheltered outdoor space perfect for dining, entertaining, or relaxation, adding significant value and usability to the yard. This home combines a unique financial benefit, an amenity-rich community adjacent to Tribble Mill Park, and a spacious, updated layout designed for comfort and convenience. Don’t miss the chance to make this incredible home yours.
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.
