*** PRICE CORRECTION *** 06/19/2026 *** SELLER MOTIVATED *** Nestled in the charming Woodbury neighborhood, this exquisite detached residence, built in 1920, seamlessly blends timeless elegance with modern comforts. With 2,186 square feet of thoughtfully designed living space, this home invites you to experience a lifestyle of sophistication and warmth. As you step inside, you are greeted by the rich character of stone construction, a hallmark of enduring quality. The spacious layout features four generously sized bedrooms and two full bathrooms, providing ample room for relaxation and rejuvenation. Each room is a canvas for your personal touch, ready to be transformed into a sanctuary of comfort. The heart of the home is a welcoming living area that exudes warmth, perfect for both intimate gatherings and lively entertaining. Natural light pours in through large windows, illuminating the space and creating an inviting atmosphere. The unfinished basement offers endless possibilities for customization, whether you envision a cozy media room, a home gym, or additional storage. The outdoor space, though compact at 0.08 acres, is a delightful retreat. Imagine sipping your morning coffee on a quaint patio, surrounded by the lush greenery of the neighborhood. The driveway provides convenient parking, ensuring that your guests feel welcomed and at ease. Living in Woodbury means embracing a vibrant community filled with charm and character. Enjoy leisurely strolls through tree-lined streets, explore local boutiques, and indulge in nearby dining options that cater to every palate. The neighborhood's rich history and friendly atmosphere create a sense of belonging that is hard to find elsewhere. This property is not just a house; it's an invitation to a lifestyle defined by comfort, elegance, and community. Whether you are looking to create lasting memories with loved ones or seeking a peaceful retreat from the hustle and bustle of everyday life, this home offers the perfect backdrop for your story. Don't miss the opportunity to make this enchanting residence your own. Experience the unique blend of historic charm and modern living that awaits you in Woodbury. Your dream home is just a showing away!
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.
