Shhh…this house has a secret room! Experience the timeless elegance of this remarkable 1905 historic home, once belonging to the town doctor and rich with character you simply cannot recreate today. From the moment you arrive, you’re greeted by a rare and original hitching post out front, a quiet reminder of the home’s storied past. Inside, the home is nothing short of enchanting. Original charm blends seamlessly with thoughtful updates, creating an atmosphere that feels both grand and warmly inviting. A stunning grand staircase anchors the home, illuminated by beautiful decorative lighting that highlights the craftsmanship found throughout. Two fireplaces add warmth and ambiance, making every space feel cozy and refined. The layout offers exceptional flexibility and comfort with two sitting areas and two distinct dining spaces, perfect for both intimate gatherings and entertaining on a larger scale. The kitchen is as functional as it is beautiful, featuring abundant cabinet space, granite countertops, and a convenient bar seating area. The primary bedroom is a true retreat, complete with its own private sitting room—ideal for quiet mornings or winding down at the end of the day. Throughout the home, you’ll find spaces designed for both connection and solitude, including a truly special sunroom surrounded by windows—an ideal haven for plant lovers or anyone who enjoys peaceful moments bathed in natural light. Adding to the home’s uniqueness is an imported late-1800s piano, a breathtaking piece that complements the historic soul of the property. Outside, wide covered porches invite you to sit, relax, and enjoy the shade of mature trees. Completing the estate is a large garage with a 720 square foot upstairs apartment, perfect for guests, extended family, or potential rental income. Elegant and filled with history, this home is more than a residence it’s a place where stories have been lived and memories are waiting to be made.
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.
