This stunning bi-level residence, set to undergo a major renovation in 2026, offers an exceptional blend of modern luxury and timeless comfort. With 1,164 square feet of thoughtfully designed living space, this home is perfect for those seeking a sophisticated yet inviting atmosphere. Step inside to discover a warm and welcoming interior adorned with crown moldings and recessed lighting that create an ambiance of elegance. The traditional floor plan seamlessly connects the living and dining areas, making it ideal for both entertaining and everyday living. The dining area is perfectly positioned to enjoy meals prepared in the beautifully upgraded kitchen, featuring high-end stainless steel appliances and exquisite countertops that elevate your culinary experience. The home boasts four spacious bedrooms, providing ample space for relaxation and personalization. The primary suite is a true retreat, complete with a luxurious bathroom featuring a tub shower, ensuring a spa-like experience right at home. Each bedroom is designed to maximize comfort and tranquility, making it easy to unwind after a long day. The attic, equipped with an attic fan, offers additional storage solutions while enhancing the home's energy efficiency. The property sits on a generous 0.27-acre lot, providing plenty of outdoor space for gardening, play, or simply enjoying the fresh air. Parking is a breeze with a concrete driveway that accommodates up to four vehicles, ensuring convenience for you and your guests. The absence of a pool allows for a low-maintenance lifestyle, giving you more time to enjoy the finer things in life. This residence is not just a home; it's a lifestyle. With its upcoming renovations, you'll have the opportunity to personalize your space while enjoying the benefits of modern amenities and high-end finishes. Whether you're hosting gatherings or enjoying quiet evenings, this property is designed to cater to your every need. Experience the perfect blend of luxury and comfort in this exquisite bi-level home, where every detail has been thoughtfully considered to create a sanctuary you'll be proud to call your own. Embrace the exclusive lifestyle that awaits you in this remarkable property.
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.
