Welcome to this beautifully designed three-bedroom, two-bathroom home in a quiet neighborhood that blends comfort, space, and convenience. With 1,559 square feet of open concept living, this property offers a functional and thoughtful layout for everyday living and entertaining. Step inside to discover high ceilings and a brick-covered front entryway that immediately create a warm, welcoming atmosphere. The kitchen is the heart of the home, featuring a large island with knee space for bar stool seating, a smooth top five-burner stove, and plenty of room for meal prep and social gatherings. The split bedroom layout ensures privacy, with the oversized primary suite offering a peaceful retreat. Unwind in the spa-like primary bathroom complete with generous space and thoughtful finishes. The home’s spacious fenced-in backyard is perfect for relaxing, playing, or entertaining outdoors, while the significant space between houses provides added privacy and comfort. Nature and community come together with Princeton Circle Park just a short stroll away, making outdoor recreation easily accessible. Families will enjoy the convenience of being within walking distance to a nearby elementary school, providing ease to daily routines. Everyday essentials are just a short five-minute drive, with shopping options including a major retailer close at hand. Whether you're hosting guests or enjoying quiet moments, this home suits a variety of lifestyles and needs. Experience practical design, spacious living, and a community-oriented setting all in one thoughtfully maintained property. Seller is open to contributing towards closing costs for rate buydown.
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.
