Welcome home to this beautifully updated 3-bedroom, 2 full bath ranch located in the highly sought-after Beavercreek School District. Ideally situated just minutes from Wright-Patterson Air Force Base, The Mall at Fairfield Commons, popular restaurants, shopping, and everyday conveniences, this home offers the perfect blend of comfort, location, and peace of mind. Inside, you'll find thoughtfully renovated spaces, including a stunning kitchen remodel (2023) featuring modern finishes and updated functionality, along with beautifully remodeled primary and guest bathrooms (2024). The spacious layout is designed for comfortable everyday living, while the fully fenced backyard provides the perfect space for pets, children, entertaining, or simply relaxing outdoors. This home has been meticulously maintained with numerous major improvements, including a new water softener and Iron Master filtration system, crawl space mold remediation, new vapor barrier, well pump replacement, and sill plate repairs completed by professional contractors. The HVAC system and water heater were both professionally serviced in 2026, and the well water has been tested for added confidence. With quality updates, extensive preventative maintenance, and an unbeatable location near WPAFB, shopping, dining, and Beavercreek amenities, this move-in-ready home is ready for its next owner to enjoy. Seller is providing a 1 year home warranty with advantage home warranty
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.
