!!!The mortgage is assumable!!! Interest rate is 5.125%. Ask for details. Beautifully updated and truly move-in ready, this corner-lot home offers a seamless blend of modern upgrades, comfort, and everyday livability. From the moment you step inside, the home presents a bright, contemporary feel enhanced by new flooring, updated lighting, and fresh interior paint, creating a polished aesthetic throughout. The thoughtful improvements completed by the current owner elevate the overall design while maintaining a warm and welcoming atmosphere. The main level makes a striking first impression with a two-story foyer featuring a dramatic chandelier, architectural columns, and a center staircase that anchors the home. Formal living and dining rooms provide elegant spaces for entertaining, while the eat-in kitchen features an upgraded bay window that floods the space with natural light. Just off the kitchen, the family room with a fireplace creates an inviting setting for everyday living and gatherings, offering an open flow that keeps everyone connected. Upstairs, one of the home’s most impressive upgrades awaits: the luxuriously renovated primary bathroom, transformed into a spa-inspired retreat. This sophisticated space features separate dual vanities, a shower wrapped in marble and Italian tile, a frameless glass enclosure, and refined modern finishes that create a serene, elevated experience. The home’s layout continues to impress with well-proportioned bedrooms and comfortable living spaces throughout. The lower level is unfinished and ready for your vision—offering generous space to create a recreation room, home gym, theater, guest suite, or additional living area. It has a separate entrance if you want to create a rental space. Outside is a deck and a flat yard covered in lush green grass, thanks to the irrigation system and the Seller's love and care. Come see it, love it, and own it.
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.
