Nestled in the heart of Oakwood at 25 Aberdeen Avenue: this 2,400+ sqft 4/4 stunning grand farmhouse is masterclass in blending historic charm with modern luxury. A classic wraparound porch invites you into a warm and welcoming bright interior featuring original hardwood floors and Marvin windows. The exceptionally large foyer sets the tone. Featuring built in bookcases with ample storage cabinets, adjacent cozy sitting area and pretty powder room. Front living area is perfect for reading and relaxing in front of the gas fireplace. Dining room leads you to the open-concept kitchen and expansive family room. Highlighted by beautiful cedar beams and wood burning fireplace creating an ideal setting for both everyday living & entertaining. Kitchen is equipped with stainless steel appliances, custom Luxor cabinetry, a premium Thermador range, and an Advantium high-intensity halogen oven/microwave. A whimsical demi staircase takes you to the second level which has brand new carpeting in the 4 spacious bedrooms. The primary en-suite features custom cabinetry, glass shower doors and greenhouse window. The additional full hall bath showcases glass shower doors, dual sinks, skylight and custom cabinetry. The basement’s finished recreation room and half bath are beautifully updated with new LVP flooring. A convenient laundry chute from the second floor leads directly to the basement laundry room. There are two separate storage areas, one which has abundant cabinetry. A detached two-car garage completes the property with ample parking and storage. A two-time winner of the Oakwood Beautification Award, this home offers exceptional curb appeal and pride of ownership at every turn. A rare opportunity to own a truly special property in one of the area’s most sought-after communities. Improvements: 2nd floor carpet and LL LVP 2026, Roof 2025, Whole House Water Softener 2025, Fridge 2024, Dishwasher 2025, Water Heater 2022, HVAC 2021.
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.
