Location truly sets this home apart! Enjoy the perfect blend of convenience and privacy-just minutes from shopping and dining, yet tucked away with a peaceful, country feel. This spacious 5-bedroom (with potential for a 6th), 3.5-bath home offers an incredibly flexible layout designed for today's lifestyle.The main level welcomes you with an expansive living room featuring vaulted ceilings, a cozy corner fireplace, and abundant natural light. The open flow leads seamlessly into the kitchen, complete with stainless steel appliances, a walk-in pantry, and generous cabinet space-ideal for everyday living and entertaining alike. Also on the main floor: a formal dining area, laundry room, half bath, oversized primary suite, and easy one-step entry from the 2-car garage. The primary suite is a true retreat with plenty of room for any furniture arrangement and a spa-like bath featuring a soaking tub, separate shower, water closet, and comfort-height counters. Step outside from the dining area onto the covered and screened porch, perfect for relaxing bug-free, with an additional grilling deck just steps away. Upstairs offers even more versatility with two bedrooms, a full bath, a loft area, and a large bonus room-perfect for a home office, playroom, craft space, library, bunk room, or potential 6th bedroom. The fully finished basement adds incredible value with two additional bedrooms (or flex spaces), a full bath, high ceilings, and a walk-out patio that opens to the backyard. A large unfinished storage area provides room for everything else. Spacious, flexible, and ideally located-this home truly has it all. Schedule your showing and see the possibilities for yourself!
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.
