Welcome to a well-maintained home located near a quiet cul-de-sac, where true pride of ownership is evident throughout. This property has been thoughtfully cared for with a strong emphasis on maintenance, major systems, and long-term functionality. The home features a roof approximately 11 years old that has been well maintained, along with a newly added skylight that enhances natural light. The fireplace features an updated exterior and flashing, adding character to the main living space. A leaf-guard gutter system has been installed to reduce exterior maintenance. Significant infrastructure updates include a PEX plumbing system, re-routed from the slab to the attic, fully insulated and equipped with heat tape to help prevent freezing during extreme cold weather. A convenient on/off shut-off switch has been added for additional protection. A French drain system running from the front to the rear of the property helps direct water away from the home and protect the foundation. The backyard has been addressed and improved and is fully fenced, providing privacy, proper drainage, and usable outdoor space. The HVAC system has been well maintained, recently serviced in 2025, and utilizes a washable, reusable air filter, reflecting consistent upkeep and care. Inside, the home offers a functional and spacious layout with separate living and dining rooms, ideal for both everyday living and entertaining. The kitchen features a bar-height countertop, updated fixtures, and a new dishwasher. The primary suite is generously sized, offering ample space for a full bedroom furniture set and featuring tray ceilings and a walk-in closet. The primary bathroom includes a separate soaking tub and a separate shower, creating a comfortable and functional retreat. Bathrooms and the kitchen have been updated with new flooring, complemented by brand-new carpet throughout the home. All toilets have been replaced with dual-flush, energy-efficient models. Enjoy additional living space in the screened-in porch, complete with a ceiling fan, providing a comfortable space to relax year-round. Additional highlights include new ceiling fan and light combinations with remote controls in the kitchen, dining room, and living room, as well as a one-car garage with an epoxy-coated floor for durability and easy maintenance. This home offers a rare opportunity to own a property that has been consistently maintained, thoughtfully updated, and move-in ready, while still allowing future owners the flexibility to personalize cosmetic features to their taste.
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.
