Step into a home that blends character, comfort, and versatility in all the right ways. This thoughtfully designed 4-bedroom residence offers a layout that adapts beautifully to everyday living while showcasing distinctive architectural details that set it apart. From the moment you enter, you’re greeted by an inviting atmosphere enriched with charming touches—whether it’s the subtle craftsmanship, unique design elements, or the natural flow between spaces. The main living areas are warm and welcoming, ideal for both relaxed evenings and lively gatherings. The kitchen is centrally positioned to serve as the heart of the home, with ample workspace and easy access to dining and living areas, creating a seamless connection for entertaining or day-to-day convenience. Upstairs four well-proportioned bedrooms provide flexibility for family, guests, or a dedicated home office. A full bathroom is complemented by two additional half baths, offering practical convenience for busy households. One of the standout features is the bonus room—an adaptable space that invites creativity. Whether used as a media room, playroom, studio, or private retreat, it adds valuable square footage and endless possibilities. Outside, the property continues to impress with space to relax, garden, or entertain, all while reflecting the same sense of charm found indoors. With its blend of character-rich details, functional layout, and flexible living spaces, this home offers a unique opportunity to enjoy both personality and practicality in one inviting package.
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.
