For the first time since its custom construction, this remarkable ranch on a quiet Berea cul-de-sac is ready to welcome its next chapter. Loved by the same family for decades, the home carries a warm sense of legacy — especially in the owner’s favorite place: the dining table overlooking the park-like backyard that gently abuts the Metroparks. It’s a peaceful vantage point that truly defines the soul of this property. The chef-inspired kitchen is a standout — offering incredible storage, abundant counter space, a thoughtful layout, & skylights that fill the room with natural light. It’s the kind of kitchen that makes cooking feel effortless and gathering feel natural. Designed with comfort and openness in mind, this over 3,000 sq ft home begins with a welcoming foyer that transitions into spacious, character-rich living areas. The great room features beamed ceilings, warm wood details, and a beautiful fireplace that anchors the space with charm and presence. The spacious master suite, two generous bedrooms and 2.5 baths, create easy one-floor living with room to spread out. Every space feels intentional, comfortable, and connected to the outdoors. Step outside to one of the property’s signature features: nearly 1000 sq ft of premium mineral-based, water impervious decking, perfectly positioned to take in the wooded backdrop. A charming pergola and the serene, park-like setting make the backyard a true retreat. The home also includes owned solar panels (22 panels, 7.2 kW) paired with a Tesla Powerwall battery backup, allowing the current owners to enjoy about six months each year with no electric bill and dramatically reduced costs the rest of the year — a modern advantage rarely found in homes of this style. Moments from downtown Berea, the airport, the Metroparks, and major commuter routes. Homes like this, with such a thoughtful design and lifelong stewardship, are rare — and this one is ready to be cherished by its next owner. Appraisal & 3D tour available
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.
