Welcome to this beautifully maintained home offering the perfect combination of space, upgrades, and community amenities. From the moment you arrive, the classic brick exterior, covered entry, and inviting curb appeal set the tone for the quality found throughout the home. Inside, you are greeted by hardwood flooring, detailed trim work, crown molding, and a bright, open layout designed for both everyday living and entertaining. The main level features a spacious kitchen with granite countertops, stainless steel appliances, tile backsplash, abundant cabinetry, and a large breakfast bar overlooking the living area. The open floorplan allows for seamless flow between the kitchen, dining, and family room, creating an ideal space for gatherings while still offering defined rooms for flexibility. Additional main level space includes formal dining, office, in- law suite with connected main level bathroom, or playroom depending on your needs. Upstairs, the home offers generously sized bedrooms with excellent closet space and natural light, along with well-appointed bathrooms and functional layout. Neutral finishes throughout make the home move-in ready while still allowing buyers to easily personalize. A dedicated laundry/mud room with built in wall hooks makes it the perfect area for everyday organization helping keep the rest of the home clean. Thoughtful design details add to the comfort and convenience of the home. Outside, the property offers a private backyard space perfect for relaxing, entertaining, with firepit, and private basketball court. Tons of outdoorspace, but you can stay out of the sun under the covered back patio. The home sits in a well-established community known for its strong amenities and walkable layout. Residents enjoy access to neighborhood features including a community pool, tennis courts, pickleball courts, basketball court, playground, walking trails, sidewalks, and open green space, creating a true neighborhood feel with activities for all ages. This home offers the rare combination of solid construction, upgraded finishes, flexible living space, and outstanding community amenities, making it an excellent opportunity for buyers looking for both comfort and lifestyle.
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.
