The first time I turned onto this street, something about it felt instantly familiar, almost like stepping into a place you have known for years. The wide road, the tidy homes, and the tall trees that stretch overhead create a setting that feels peaceful in every season. With Christmas approaching, it is easy to imagine twinkling lights wrapped around porch railings, wreaths on every door, and the soft glow of the holidays settling over the whole neighborhood. This brick bungalow fits right into that scene. She brings a charming collected style with touches of grand millennial influence, the kind that blends classic details, warm textures, and timeless character with the fresh updates people love right now. There is history in her bones, but so much has been cared for and refreshed, including a brand new HVAC system just installed by the sellers. It adds comfort and peace of mind as you move into the next chapter of her story. Inside, the character only grows. The rooms are bright and cheerful with a sense of personality that never feels forced. The dining room is large enough for family gatherings, holiday dinners, or evenings when friends stay long after dessert is gone. The living areas invite you to settle in, the kind of spaces that feel perfect for a Christmas tree in the corner and stockings hung nearby. The kitchen works beautifully with its gas stove and thoughtful layout. It is the kind of kitchen where someone can bake cookies while others sneak a taste of the dough. All three bedrooms are comfortably sized and give you a cozy place to unwind at the end of the day. Two full baths make mornings easier, even when everyone is getting ready at once. The backyard is the part that truly stayed with me. It is wide and level, peaceful and private, a place where pets can run, children can build snowmen if we are lucky enough to see a bit of snow, and grownups can sit on the patio with blankets and cocoa. The landscaping has matured beautifully, giving the entire yard a timeless and welcoming feel. And when you want to get out for a bit, downtown Anderson is only moments away. Local restaurants, coffee shops, holiday markets, and twinkling lights make the whole area feel cheerful this time of year. Whether you drop in for brunch, wander through boutiques, or enjoy a Friday evening event, everything you need is conveniently close. This home sits right in the heart of a street that feels like it belongs in a Christmas story. Loved, thoughtfully updated, full of charm, and touched with that classic style so many people adore, she is ready for her next chapter. I think you might fall for her just as quickly as I did.
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.
