Back on the market at no fault of the seller. Welcome Home! Tucked away on a spacious but cul-da-sac private lot, this inviting 4 Bedroom 2 and a half bath ranch home offers the perfect blend of comfort, charm, and everyday functionality. From the moment you pull into the driveway, you'll appreciate the peaceful setting this neighborhood and home have to offer. Step inside and discover just over 2,000 square feet of cozy living. The oversized family room is designed for gathering, whether you're hosting game day celebrations, movie nights, or simply relaxing after a long day. Large windows fill the room with natural light while barn doors add a touch of character. Just beyond, the dining area invites family dinners and holiday traditions, centered around a cozy brick fireplace that adds warmth and ambiance year-round. Sliding doors lead outdoors, creating the perfect flow for indoor-outdoor entertaining and backyard barbecues. Take the party to screened-in back patio and comfortably watch your family and guests enjoy the pool and spacious backyard. The heart of the home is the cozy kitchen, where crisp white cabinetry, stainless steel appliances, and a stylish tile backsplash come together to create a bright and timeless space. Are you an avid baker or like to host all the holidays? Then the double oven is just for you! Whether you're preparing a quick weekday breakfast or hosting friends for dinner, you'll love the abundance of workspace, storage, and natural light pouring in through the windows above the sink. Outside, the generous yard offers endless possibilities-from gardening and playtime to evenings spent swimming under the stars. Surrounded by mature trees, the property provides a sense of privacy while still being in a quaint little neighborhood but conveniently located near everyday amenities. Warm, welcoming, and thoughtfully updated, this home is more than just a place to live-it's a place where memories are made, milestones are celebrated, and life unfolds comfortably every day. Be sure to add this one to the 'must-see' list!! All new windows, interior paint, carpet, and pool pump.
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.
