Welcome to this impeccably maintained Bellbrook brick ranch estate nestled on a breathtaking one-acre setting surrounded by mature woods and a serene stream at the end of the property, offering privacy, beauty, and a peaceful everyday escape. Thoughtfully designed, this home blends timeless architectural character with modern updates for effortless living and entertaining. A grand entry welcomes you into an elegant hallway highlighted by custom architectural arches that add warmth and sophistication throughout the main living spaces. The beautifully appointed, huge kitchen features a center island with breakfast bar, abundant cabinetry, and seamless flow into the dining and living areas, creating the perfect layout for gatherings both large and intimate. Wood laminate flooring enhances the entry, kitchen, and dining room with durability and style, while the inviting living room showcases a cozy gas fireplace and charming greenhouse window overlooking the picturesque landscape. The expansive 36x23 finished walkout lower level offers exceptional additional living space complete with a fourth bedroom or private study, full bath, generous storage, and utility area—ideal for guests or a private retreat. Outdoor living is equally impressive with a stunning 27x15 elevated wood deck overlooking the wooded acreage and tranquil stream, perfect for morning coffee or evening sunsets. Below, the custom paver patio at the walkout level creates a luxurious setting ready for a hot tub, fire feature, or private lounge space, transforming the backyard into your own resort-style oasis. The property includes two half-acre lots (110x200 each), totaling a full acre of natural beauty and refined ranch living.
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.
