Welcome to 236 Evelyn St, a wonderfully maintained home that offers comfort, convenience, and a spacious outdoor retreat. This inviting 3-bedroom, 2-bath residence blends thoughtful updates with the charm of an established neighborhood, delivering a move-in-ready experience ideal for everyday living. The kitchen features new flooring, updated finishes, and sleek granite countertops, creating a bright and functional space for cooking and gathering. The living area showcases engineered wood flooring that adds warmth and durability, while the bedrooms offer brand-new carpeting for a soft, relaxing feel. Fresh interior paint enhances the home's clean aesthetic, bringing a renewed sense of style to every room. Important updates add lasting value, including fully upgraded windows designed for upward and outward access to improve airflow and ease of use. The HVAC system, only nine years old and lightly used, remains in excellent condition. Plumbing has been descaled approximately 70 feet through the home, supporting improved water flow and long-term reliability. Outside, the extended 10×14 back patio provides an inviting space for outdoor dining, lounging, or quiet evenings overlooking the expansive backyard. Set on more than 0.3 acres, the yard offers abundant room to personalize with gardens, recreation areas, or additional outdoor features. Located directly across from DeSoto High School, the home sits within a thriving community with quick access to major highways, placing shopping, dining, and essentials just minutes away. The seller appreciates the peaceful atmosphere, the cozy character of the home, and the impressive size of the backyard that adds to its sense of comfort and retreat. Thoughtfully updated and well cared for, this home is ready to welcome its next owner with charm, convenience, and enduring appeal.
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.
