Nestled in the charming community of Billingsport, this exquisite Cape Cod-style residence has undergone a remarkable transformation, with major renovations completed in 2026 that elevate its appeal to a new level of luxury. Spanning 1,264 square feet, this home seamlessly blends modern elegance with timeless comfort, making it the perfect sanctuary for those seeking an exclusive lifestyle. As you step inside, you are greeted by the warm ambiance created by luxury vinyl plank flooring that flows throughout the main living areas. The open-concept design invites natural light to dance across the space, enhancing the inviting atmosphere. The heart of the home features a beautifully appointed kitchen, equipped with high-end appliances including a gas oven/range, refrigerator, and dishwasher, ensuring that culinary adventures are both enjoyable and efficient. With three spacious bedrooms and two full bathrooms, this residence offers ample space for relaxation and rejuvenation. Each bedroom is designed to be a personal retreat, while the bathrooms boast modern fixtures and finishes that exude sophistication. The thoughtful layout ensures privacy and comfort for all. The full basement provides endless possibilities, whether you envision a cozy family room, a home gym, or additional storage space. The potential for customization allows you to tailor this area to suit your lifestyle needs. Outside, the property is framed by a manageable 0.16-acre lot, offering a perfect balance of outdoor space without the burden of extensive maintenance. The driveway and on-street parking provide convenience for you and your guests, making entertaining a breeze. This home is not just a place to live; it's a lifestyle choice. The recent renovations have infused modern luxury into every corner, while the classic Cape Cod architecture maintains a sense of warmth and familiarity. Experience the perfect blend of luxury and comfort in this stunning Billingsport residence. With its high-end features and exclusive lifestyle offerings, this home is ready to welcome you into a world of elegance and tranquility. Don't miss the opportunity to make this exceptional property your own.
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.
