Situated on an exceptional .45-acre lot with private access to Plaster Creek this property is a true nature lover's paradise. YET offering the experience of refined living with its beautifully reimagined interior, where timeless design meets modern sophistication. Thoughtfully updated throughout, every space has been designed both inside and out to offer a seamless blend of comfort, style, and a slower pace of life. Not only has the interior been updated from top to bottom the home also features a new furnace and AC, vinyl windows and newer roof. The interior features a light-filled interior welcoming you with modern accent walls, contemporary finishes, and an effortless flow designed for both everyday living and entertaining. At the heart of the home, the stunning kitchen showcases sleek white shaker cabinetry, expansive work surfaces with quartz counter tops, tile backsplash and an open-concept layout that connects naturally to the surrounding living spaces.Large windows frame picturesque views of the outdoors while filling the home with natural light, creating an inviting and airy atmosphere. The elegant gathering spaces provide the perfect backdrop for everyday living or entertaining. The spacious dining room has decorative beams and seamlessly connects to both the living room and kitchen. Generously sized bedrooms offer peaceful retreats, complemented by beautifully appointed bathrooms and versatile living areas that adapt to your lifestyle. The finished lower level further expands the home's livability, offering flexible space for a media lounge, home office, fitness studio, or guest accommodations. Step outside to your private backyard retreat and enjoy the serenity of the surrounding landscape, where wildlife can often be seen just beyond your patio. Whether you're enjoying your morning coffee or unwinding at sunset, the outdoor setting offers a rare sense of tranquility and connection to nature yet minutes from the city. Adding to its unique appeal, the property features private access to Plaster Cre
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.
