Desirable Saussy Burbank neighborhood of Beverly Crest! This meticulously maintained (one-owner home!) offers thoughtfully updated living spaces, low maintenance extensive landscaping, and a backyard designed for both entertaining and everyday enjoyment. A two-story foyer with hardwood flooring and an inviting entry hall set the tone for the home’s warm and polished interior. The main living areas feature hardwood floors, plantation shutters throughout, detailed moldings, and abundant natural light. The living room showcases elegant crown molding and a decorative chandelier, while the dining room includes wainscoting, chair rail molding, and a bay window overlooking the front yard. The vaulted family room centers around an upgraded electric fireplace with blower and marble surround, windows with transom windows above each that bring in exceptional natural light. Window panes in the family room also feature darkening film for added comfort and privacy. The kitchen offers granite countertops, oak cabinetry with pull out drawers, a counter-to-ceiling textured stone backsplash, crown molding, and hardwood flooring. Stainless Steel Range/Oven, Hood Vent and Dishwasher ordered and will be installed soon! The adjoining breakfast area overlooks the beautiful backyard. The laundry room is conveniently located just off the breakfast area and includes tile flooring, and additional pantry storage. The main-level primary suite features crown molding, plantation shutters, ceiling fan, walk-in closet with hardwood flooring, and a fully renovated bath with quartz-topped dual vanities, upgraded cabinetry, floor to ceiling marble-surround shower with stone-style shower pan, upgraded lighting, pull-out storage drawers, and separate water closet. Upstairs includes three secondary bedrooms, a spacious bonus/recreation room, walk-in attic storage, and hall bath with dual vanity, framed mirror, updated fixtures, and rain shower head. The oversized fourth bedroom offers excellent flexibility for guests, office space, or hobby room. Brand New Carpet May 2026 on stairs, upstairs hallway and bedrooms! Fresh Paint throughout the home May/June 2026! Outdoor living space with a 10' pergola & paver patio space (with Fire Pit), creating a truly inviting backyard retreat with paver walkways, water fountain, sitting areas, wrought iron archways, and designed for relaxing or entertaining. The covered rocking chair front porch features upgraded black wrought iron railings and a Charleston-inspired sky blue ceiling. Additional improvements and features include: Plantation shutters throughout, Vinyl replacement windows installed approximately 2014-2015, roof, sealed crawl space with dehumidifier, whole-house gutter guards, insulated garage door with transom windows, quarterly pest control and annual termite inspections. The level of care, maintenance, and attention to detail throughout this home is evident both inside and out!
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.
