Some homes feel brand-new; some feel truly lived-in and at 220 Bronson Ridge, you get the best of that bridge! Nervous about the quality of new construction and wondering if it will stand the test of time? This home is new enough to “feel new” but old enough to prove its been built to succeed. Thoughtful CUSTOM upgrades give it a one-of-a-kind feel you can’t pull off a builder’s spec sheet: custom BOARD AND BATTEN walls, curated designer LIGHTING, and on-trend finishes throughout. Add BRAND-NEW FLOORING in the main living areas and bedrooms, ALL-NEW STAINLESS STEEL APPLIANCES including a GAS RANGE, and an energy-efficient TANKLESS WATER HEATER — and you get the polish buyers want from a new build, with upgraded character that’s already in place. There’s a MAIN-LEVEL PRIMARY SUITE featuring a TRAY CEILING, DOUBLE VANITY, soaking tub, separate shower and WALK-IN CLOSET — paired with a main-floor OFFICE, half bath, and laundry, so day-to-day living never requires the stairs. The open great room centers on a cozy GAS FIREPLACE and flows to a bright kitchen with KITCHEN ISLAND, QUARTZ COUNTERTOPS, and WALK-IN PANTRY. Upstairs, an oversized LOFT, three bedrooms, a DOUBLE-VANITY bath, and floored ATTIC STORAGE give everyone room to spread out. Stepping outside to a DREAM escape, you’ll find a FENCED BACKYARD, RAISED GARDEN BEDS and a fragrant yard already producing blackberries, blueberries, figs, peaches, peonies, and David Austin roses — a true rarity in a neighborhood this convenient. Set deep within the community and tucked peacefully away, the home keeps you minutes from shopping, dining, major medical, and the I-85 corridor. The sellers had it professionally inspected, completed the resulting repairs and have the receipts on file for your review. Polished, planted, and move-in ready! Pictures of some rooms were AI generated to show the new flooring that was installed after listing photos were taken.
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.
