Don't miss out on this spacious and well maintained 3 bedroom home within walking distance of Struthers Schools! You have to see it to believe it! Living room with beautifully refaced fireplace, crown molding, and wood floors. Very large enclosed front porch/sunroom/4 season room has endless possibilities and stays warm year round. Dining room features beveled glass French doors, built in China cabinet, and wood floors. Kitchen includes all appliances and has direct access to additional storage space which could be used as a mud room or pantry. High ceilings throughout! Dry basement includes washer and dryer with sink plus a second bathroom including shower. There is also additional storage downstairs plus lots of space that could be used for anything...family room, workout room, office, etc. Three good sized bedrooms, full bath, and built in linen closet complete the second floor. A huge unfinished attic on the third floor could easily be converted to a 4th bedroom. Two car detached garage features a new opener, electric, work bench, overhead storage, and automatic lighting. Fully fenced back yard, 10 year smoke alarm/carbon monoxide detectors, puppy doors, and ceiling fans throughout. New vinyl back deck done in 2024! Other updates include: paint, hot water tank in 2021, furnace in 2019, electric in 2018, central air unit in May 2025 with 10 year transferable warranty, new side and back doors in 2024, mostly all new windows. Buyer(s) receive one year home warranty for peace of mind. Come see this one before it's gone!
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.
