This updated Syracuse rambler sits on a rare 0.45-acre lot and offers 5 bedrooms, 3 bathrooms, and the standout feature of a 4-car garage with power built a few years ago. Ideal not just for parking but for having a workshop, storage, or hobby space. There's also additional covered parking with the attached carport. Inside, nearly everything has been refreshed: interior paint, upgraded flooring, updated lighting, new switches and outlets, door handles and hinges, and faucets, and new smoke alarms are among a long list of thoughtful improvements. The major components of the home were also upgraded in 2025, including a new high-efficiency HVAC system and a new roof with a warranty. In the storage/pantry space downstairs, there is even a paneled hidden door that leads to additional storage or enough space to remove the storage and create another room. Outside, enjoy a fully fenced yard with vinyl fencing and concrete curbing, an automatic Orbit B-Hyve smart controller, mature landscaping, garden space, and an insulated chicken coop. The back patio provides excellent outdoor living and entertaining space right outside the kitchen door. With easy access to I-15 and the West Davis Highway (SR-177), just 15 minutes to Hill Air Force Base, and close proximity to parks, shopping, and the library, this property combines convenience with true move-in-ready comfort.
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.
