Welcome to Rock Run Estates! This stunning home is beautifully situated on over 1.25 acres, offering space, privacy, and a perfect setting to make it your own. Upon entering, you are immediately greeted by soaring ceilings, abundant natural light, rich hardwood floors, and a striking grand staircase, all complemented by fresh paint throughout most of the home. To the left of the entry, a spacious formal living room provides an elegant gathering space, while the dining room to the right is ideal for hosting memorable meals. Toward the rear of the home, the expansive kitchen is a chef’s dream, featuring an enormous island, ample counter space, stacked wall ovens, a gas range, and a large walk-in pantry. Just off the kitchen, two additional spaces—the bright sunroom and a generous family room with bamboo flooring—offer versatile areas for entertaining, relaxing, or spending time with family, and include a second staircase to the upper level. Making your way to the upper level, elegant overlooks lead to the luxurious primary suite and four additional bedrooms. The primary suite offers space for a sitting area and a large walk-in closet, while the spa-like bathroom is appointed with tile flooring, double vanities, a soaking tub, and a tile walk-in shower. Bedroom two features its own sitting area, walk-in closet, and a Jack-and-Jill bathroom shared with Bedroom three. Bedrooms four and five, along with a third full bathroom, complete this level, providing ample space for family and guests. The partially finished basement provides flexible, inviting space with beautiful laminate flooring throughout most of the finished areas and recessed lighting. It includes a full bath with a tile walk-in shower, a kitchenette, and walk-up stairs to the backyard, ready for your personal vision, along with plenty of storage. Outside, the oversized two-car garage provides additional storage, while the expansive lot showcases gorgeous spring landscaping, perfect for entertaining. A resurfaced deck and hot tub enhance outdoor living and enjoyment. This home is equipped with dual-zone heating and air, supported by a 1,000-gallon owned propane tank, with one HVAC unit less than seven years old and the other under one year. Additional updates include a water heater under six years old, two electrical panels with the generator on a dedicated panel, sump pump less than one year and a septic system last pumped in 2025, ensuring peace of mind for years to come.
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.
