Welcome to 2106 Arden Dr — a stately all-brick, two-story home offering 2,354 sq. ft. of heated living area on a beautiful, level lot of more than half an acre in a convenient Monroe location with no HOA. Framed by mature trees and featuring generous front and backyards, the curb appeal here is hard to match. Close to downtown Monroe and the surrounding areas. Inside, the thoughtful floor plan includes 4 bedrooms, 3 full bathrooms, and two owner's suites — one on the main level for easy single-floor living and one upstairs for added privacy. All three bathrooms have been tastefully updated. Multiple fireplaces add warmth and character throughout, while separate family room, living room, and formal dining room provide all the space you need for entertaining and everyday life. The kitchen has been refreshed with new flooring and features a generous walk-in pantry with a stylish sliding barn door — a functional and charming touch. The fully privacy-fenced backyard is an outdoor retreat complete with a patio, firepit, and detached outbuilding. The converted garage currently serves as flex space with washer/dryer connections and a separate enclosed bonus room accessible from the exterior — perfect as a home gym, craft room, or studio. Bonus: the space could easily be converted back to a two-car garage while retaining that enclosed room. Major systems are updated for peace of mind: new furnace in 2025 and two A/C units (2020 and 2018). Lots to love about this one...come make it yours today! Note...some photos are virtually enhanced to show what rooms and/or outside areas might look like without furniture and other items.
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.
