This charming Brick ranch-style home, built in 1959, offers a perfect blend of comfort and functionality, and has been beautifully updated throughout. With 1,387 sq. ft. of thoughtfully designed living space, this residence features three inviting bedrooms and a full bathroom equipped with a tub/shower. Step inside to discover a warm atmosphere enhanced by luxury viny plank flooring, a neutral and contemporary color palette, 2 cozy brick fireplaces and a kitchen that is the heart of the home. The bright and spacious kitchen is ideal for casual meals as well as gathering with friends and family. Ample cabinetry and counterspace along with a window overlooking the backyard make this space a cook's delight and invites culinary creativity. The kitchen also offers access to the breezeway, which leads to the backyard. Ideal for morning coffee with a good book or afternoon and evening relaxing. The kitchen is also conveniently located next to the living room which features a cozy brick fireplace that is sure to be the focal point, creating a warm ambiance for gatherings and a great place to snuggle on chilly winter evenings. The interior shines with luxury vinyl plank flooring throughout the entire first floor and lower level, enhancing the home's inviting atmosphere. The lower level provides endless possibilities for recreation and storage, while the convenience of laundry facilities is located here as well. The recently remodeled LL family room with a second cozy brick fireplace adds additional living space. Step outside to discover your private oasis. The expansive .29 acre level lot is enclosed with a recent 6 foot board fence that offers privacy and serenity, as well as a great space for play and all your activities. Adorned with tasteful landscaping, a beautiful tree and a large patio this space provides what you're looking for. Parking is a breeze with an attached garage, additional oversized 2 car detached garage with heat (woodstove), and ample parking both in front of the property and behind. If storage is what you're looking for, this property has you covered. In addition to the generous basement and oversized garage, this home also features a large additional storage area above the breezeway, accessed from the attached garage, as well as a shed for extra outdoor storage. Located in a vibrant community, this home is surrounded by parks, schools, and essential public services, along with sidewalks for leisurely strolls, enhancing the neighborhood's charm and making it an ideal place to call home. Embrace the comfort and community spirit that you'll find here, and the charm of this delightful residence. You're new beginning awaits! This residence is not just a house; it's a place to create lasting memories. PS. The sellers are including a 1 yr. HSA Home Warranty.
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.
