This gem of a home in Beavercreek comes with a rare opportunity to assume a VA loan at just 2.375% interest rate (subject to lender approval)!! If that's not enough to entice you, this freshly painted, beautifully spacious Colonial comes with a gorgeous stone exterior and a 4 bedroom, 3.5 bath, basement interior that's meticulous, well-maintained and ready to welcome you home! A wonderful location that's hard to beat -- easy driving distance to WPAFB, Wright State, Yellow Springs, shopping, grocery, entertainment and Beavercreek Schools. This home is so peaceful. Wake up every day to the relaxing sounds of the nearby fountain and enjoy evening strolls at sunset overlooking the Beavercreek wetlands. You'll love the extras tucked into this light-filled home with tall ceilings. Beautiful open concept family room and expansive kitchen that's ideal for entertaining. Four generously sized bedrooms upstairs with two full bathrooms and half bathroom on main floor. Laundry conveniently located on second floor. Primary bedroom includes ensuite bathroom and extra long walk-in closet with window. Lots of flex space in semi-finished basement with media room, full bath (perfect for guests) and cozy corner room that's awaiting your dream bar (plumbed for a sink!) or could be an exercise or craft room. HVAC and sump pump located in extremely clean unfinished basement with epoxy floor -- offering ample storage space that can easily be finished into more rooms. Garage comes with built-in heater, finished walls and ceiling, side door, overhead storage and epoxy floor. A new mudroom bench installed at garage entrance with plenty of room for coats and shoes. Kitchen overlooks nice sized fenced-in backyard with a shed and beautiful deck perfect for summer grilling and cookouts. Living room includes new wainscoting panels with hooks. Fireplace not warranted. Dishwasher 2025, Range 2024, HVAC 2023, Refrigerator 2022, Water Heater 2021, Siding 2019. Trebein Elementary / Coy Middle School.
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.
