Welcome to 23O7 Wittenberg...This charming hillside colonial offers gorgeous views everywhere you turn! As you walk through the front door you'll be greeted by a grand two story foyer that opens up into the living and dining room. The living room has a large picture window that overlooks the mature neighborhood and offers new LVP flooring. The living room is open to the dining room boasting original hardwood floors as well as access to the three season room. The kitchen features tons of storage and prep space, newer appliances, pantry, and a breakfast nook. The breakfast nook provides access to the back deck and the flat, park like backyard making entertaining a breeze. Off the kitchen area you will find a grand family room boasting a gorgeous gas fireplace and hardwood floors. The first floor laundry room offers convenience and access to the garage. A great sized half bath finishes off the first floor. Just up the stairs you will find a spacious master suite complete with his and hers closets and new carpeting. The master bathroom has been updated with fresh paint, flooring, skylight, and lighting. Down the hall you will find two additional bedrooms with great sized closets and freshly cleaned carpets. The full bath finishes the second level and offers new lvp flooring that flows into the hall. As You make your way into the lower level you will find a spacious rec room that is ready for you to make your own as well as an additional room that can be used as a gym, office, or possible 4th bedroom. On the other side of the basement you will find an unfinished storage room complete with built in wood shelving to store all of your belongings. Don't miss out on this beautiful home, schedule your private showin today! Updates include new roof 2023-24 with transferable warranty, new skylight, vent pipe boots, rebuilt furnace, new lvp flooring, carpet, and fresh paint, hwt 2016, and so much more!
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.
