Spacious and well-maintained 5-bedroom, 2.5-bath two-story home situated on approximately 0.60 acres, offering a strong combination of size, functionality, and recent updates that are increasingly hard to find. From the moment you arrive, the full wraparound porch creates standout curb appeal while providing a versatile outdoor living space ideal for relaxing or entertaining. Inside, the home features a thoughtfully designed layout that balances openness with defined living areas. The kitchen and dining space flow seamlessly together, offering ample cabinetry, counter space, and a warm, inviting atmosphere. The main living area is both comfortable and functional, highlighted by updated finishes and abundant natural light throughout. With five true bedrooms, the home provides flexibility for a variety of living arrangements, including space for a growing household, home office, or guest accommodations. The bedrooms are generously sized, and the overall floor plan allows for both privacy and practicality. The home is served by two full bathrooms and a convenient half bath, all positioned for ease of everyday use. This property has seen numerous recent improvements, including new guttering within the past two years and updated electrical service to the garage with its own breaker box added last year. A new sump pump was also installed beneath the home last year. Major mechanical updates include a brand-new HVAC system installed in March 2025. Most appliances have been updated within the last 1.5 to 2 years, including the washer, dryer, dishwasher, refrigerator, and microwave, with the range being the only appliance not recently replaced. The outdoor space offers both usability and enjoyment, featuring a large backyard with an above-ground pool that is less than one year old, a storage shed, and ample open space for recreation or future improvements. The lot provides a comfortable balance of openness without sacrificing functionality. Additional features include wraparound driveway access, ample parking, and a layout that supports a wide range of lifestyles. This property presents an excellent opportunity for buyers seeking space, updates, and everyday livability both inside and out.
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.
