If you’ve been waiting for something that feels manageable, updated, and actually enjoyable to live in—this is the one that tends to check more boxes than expected. Set on a generous .54-acre lot, there’s room here that most homes in this price range simply don’t offer. Space for pets, gatherings, gardening, or simply having breathing room without giving up convenience. Inside, the layout is simple in the best way—two spacious bedrooms, two full bathrooms, a bright living room, dedicated dining space, and a sunroom that quietly becomes everyone’s favorite spot. Step out to the 10x13 deck and you start to see how this home is designed for everyday living, not just square footage. Nearly everything has already been handled—new windows, roof, siding, and major system updates including HVAC, plumbing, and electrical. The kitchen and baths have been fully renovated with quartz countertops, white cabinetry, custom tile work, and clean, neutral finishes throughout. Light oak hardwood flooring and recessed lighting keep the home feeling bright, while black hardware adds a subtle, modern contrast. What most buyers don’t expect at this size is the flexibility—there’s an additional 300 square feet on the lower level with a private entrance. Whether it becomes an efficiency apartment, guest space, or income opportunity, the groundwork is already there. With contractor estimates around $16K, the potential to offset your mortgage with $1,300-$1,500/month is real. Parking is easy with a two-car carport, driveway space, and additional street parking. For those looking to simplify without sacrificing quality—or for buyers thinking about how to make their home work for them financially—this is the kind of opportunity that doesn’t come around often.
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.
