Welcome to this beautifully updated Colonial tucked away on a quiet cul-de-sac in the desirable Rolling Green community. Offering tons of finished living space, this spacious home combines modern updates with flexible living options perfect for today's lifestyle. The main level features an expansive primary suite with vaulted ceilings, a large walk-in closet, private rear deck access, and a luxurious en-suite bath designed for comfort and relaxation. The open-concept kitchen, dining, and living areas create an ideal space for everyday living and entertaining, complemented by refinished hardwood floors, updated luxury flooring, and fresh finishes throughout. Upstairs, you'll find six generously sized bedrooms and two full bathrooms. The fully finished lower level offers exceptional versatility with potential for an in-law suite, guest quarters, recreation area, or multi-generational living arrangement. Additional highlights include a cozy secondary family room, convenient main-level laundry and mudroom, updated bathrooms throughout and an oversized attached two-car garage. Step outside and enjoy the privacy of the peaceful backyard setting while remaining conveniently located near shopping, dining, parks, schools, and major commuter routes. Major system upgrades provide exceptional value and peace of mind, including a Kohler 20kW whole-house generator with 200-amp automatic transfer switch (installed within the last five years and backed by a 10-year warranty), a new well, water softening and filtration system, dual-zone HVAC systems, and a brand-new tankless water heater. Additional improvements include approximately 80% replacement of the home's windows and sliding doors with energy-efficient Pella products, updated appliances including a new range, new natural gas lines, and washer/dryer hookups on both the main and lower levels. The property also features a Vivint smart security system with video surveillance, monitored smoke and carbon monoxide detection, and mobile connectivity for added convenience and security.
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.
