Welcome to your dream home! This beautifully renovated 3-bedroom, 1.5-bathroom rancher blends modern elegance with classic charm in a desirable neighborhood, offering close proximity to I-95, I-85, and Fort Lee for easy commuting and access to local amenities. Step inside to discover an open-concept living space that invites natural light, seamlessly connecting the living room, dining area, and an updated kitchen equipped with brand new stainless steel appliances and sleek countertops—perfect for all your culinary adventures. Every detail has been thoughtfully designed, from the stylish modern finishes throughout to the new flooring that flows effortlessly from room to room. Freshly painted walls in inviting colors enhance the cozy atmosphere, while the three comfortable bedrooms and newly remodeled bathrooms featuring contemporary fixtures exude warmth and comfort.Enjoy the convenience of a new hot water heater, all-new HVAC ductwork, a new vapor barrier in the crawl space, and additional blown-in insulation added in the attic to ensure year-round comfort and energy efficiency. The charming front porch, complete with new railings, provides a delightful spot to relax and enjoy the outdoors. Plus, the utility room features a practical landing zone for shoes and bags, keeping your home organized. Step outside to your private oasis in the spacious fenced-in rear yard, ideal for gatherings or quiet evenings under the stars, complemented by a large storage shed for all your outdoor needs. The inviting landscaping and well-manicured lawn enhance the property's curb appeal, making it the perfect place for outdoor activities or simply unwinding in the sun. This move-in-ready home is waiting for its new owner, offering a perfect blend of style, comfort, and functionality. Don’t miss your chance to make this stunning rancher your own—schedule a 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.
