START SMART… AND SEE THE POSSIBILITIES UNFOLD! Opportunity, affordability, and a super convenient location come together at 215 Booker Ave.—offering over 1,600 sq. ft. with a flexible layout designed for the way you live today (and the way you might reimagine tomorrow). This 3-bedroom, 2-bath home features a split-bedroom plan, giving the primary suite its own sense of space, complete with double-door entry into a generous private bath with walk-in shower, separate tub, double vanity, and excellent storage. Step inside and enjoy the natural morning light filling the front living room, while the sightline from the foyer carries you straight through to the spacious country kitchen—offering abundant prep space, room for gathering, and a counter perfect for casual seating or your morning coffee moment. The adjacent dining area can easily host everything from weeknight meals to holiday gatherings, and just beyond, the oversized family room expands your living space even further. With its position and size, the family room invites creativity—ideal as a potential 4th bedroom, guest retreat, or reimagined private suite with the addition of French doors. Two additional guest bedrooms and an updated hall bath are thoughtfully set on the opposite side of the home, offering separation and privacy. Outside, a semi-fenced rear yard sets the stage for outdoor enjoyment—whether it’s barbecues, playtime, or simply unwinding at the end of the day. A separate laundry area adds convenience, while gas heat, central air, and a large circular driveway make everyday living easy for both you and your guests. You’ll love the proximity to the bike path, shopping, dining, and everyday essentials—all just moments away—plus taxes that help keep your monthly budget in check. The home is being sold strictly as-is, with the buyer responsible for any inspections, certifications, and/or lender-required repairs. Agents should refer to agent remarks for contract details. Easy to show through Showing Time—bring your vision, add your personal touches, and transform this well-located home into something truly your own. With space, layout, and location all working in your favor… this one is a true SHORE BET!
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.
