Tucked away on a private, wooded lot, this charming Cape-style home offers a rare combination of space, privacy, and thoughtful updates both inside and out. Surrounded by mature trees, the property feels like a peaceful retreat while still being convenient to shopping, dining, and everyday necessities. Inside, warm hardwood floors, neutral finishes, and abundant natural light create an inviting atmosphere throughout. The updated kitchen features white cabinetry, granite countertops, stainless steel appliances, and a large peninsula with seating, making it the heart of the home and a perfect spot for gathering. The kitchen flows seamlessly into the dining area and living spaces, offering an easy layout for both everyday living and entertaining. The main level also features a first-floor primary bedroom along with a second bedroom that works beautifully as a guest space or nursery. Upstairs, you’ll find two additional bedrooms and a spacious bonus room, offering flexible space ideal for a playroom, office space, or additional storage. Step outside to enjoy a deck that overlooks the expansive backyard and wooded surroundings, providing the perfect setting for outdoor dining, relaxing, or entertaining family and friends. The yard offers ample room to play, garden, or simply enjoy the privacy and natural setting. Additional highlights include newer siding, a newer roof, and a new second-floor HVAC system. A detached garage and shed offers additional storage space for all of your tools and hobby essentials. With a functional layout and numerous updates offering peace of mind for years to come, this home is ready to welcome its next owners. Don’t miss the opportunity to make this gem your own — schedule your showing today!
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.
