Welcome to 1931 Green St, a wonderful contemporary residence in Olde Uptown, where thoughtful design meets needed amenities. This home welcomes you with a cozy front porch. It immediately sets itself apart with its attached 1-car garage and private rear-alley access—a rare urban luxury that makes city living easier. The main entry opens into a spacious bonus room, an ideal "flex" space perfectly suited for a quiet home office, a vibrant playroom, or a secondary family room. This level also provides everyday convenience with a dedicated laundry room and a well-placed half bath. Washer and dryer were purchased in 2023. The second floor is where modern architecture shines with tall ceilings and a sleek metal railings. The expansive open concept living and dining area is framed by multiple large windows that flood the home with natural light. The heart of the home is the spacious kitchen, featuring a walk-in pantry and enough room for a breakfast table. Step through the kitchen door to your private composite deck, the perfect spot for morning coffee or alfresco dining. Ascend the striking open metal staircase to the Third floor, this level is dedicated to rest and privacy, featuring two large bedrooms, each boasting its own private bathroom. This dual suite configuration is perfect for roommates, guests. Comfort in knowing the HVAC was replaced in 2024. Steps away from your new favorite coffee spot, Little Amps. Walk in the other direction and you will find amazing pastries and breads at Alvaro's. What a treat to be so close. Experience the perfect blend of style and functionality. Schedule your tour of 1931 Green St today!
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.
