Welcome home to this beautifully maintained 3-bedroom, 2.5-bath residence in the heart of Swansea! Offering the perfect blend of comfort and functionality, this home features two cozy fireplaces—one in the main living room and another in the spacious lower-level family room, ideal for relaxing or entertaining year-round. The eat-in kitchen is a standout, showcasing a stunning waterfall granite countertop and seamless flow into a bright 3-seasons room. From there, step out onto the walkout wrap-around deck overlooking the fully fenced backyard that includes a storage shed for extra convenience and a cozy fire pit, perfect for gatherings, pets, or simply enjoying the outdoors. Downstairs, the finished basement expands your living space with a large family room, a non-conforming 4th bedroom, a versatile bonus room, and a utility area complete with washer and dryer. Whether you need extra space for guests, a home office, or hobbies, this lower level offers endless possibilities. This home combines charm, space, and practical features—all in a desirable Swansea location. Bonus opportunity: This home offers a VA assumable loan with an incredible 3.5% interest rate for qualified buyers, providing significant potential savings compared to current market rates. Don’t miss your chance to make it yours! Offer deadline is Saturday April 4th, 2026, by 5PM. Offer Acceptance will be made by 5PM on Monday April 6th, 2026.
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.
