Showings begin Friday July 10 at 4PM. If you've been waiting for the perfect move in ready and do nothing home.....here ya go! Loaded with charm, today's stylish updates, spacious rooms and a fenced backyard, aka, your own private retreat!! The eat-in kitchen is LOADED with gorgeous countertops, fabulous breakfast bar, farm sink, oodles of beautiful white cabinetry with lower level pull outs for easy storage and access. Stainless steel finish appliances were updated in 2020.The new (2025) cabinetry expansion area is perfect for a coffee bar or serving area. If you want open and flowing, the kitchen is wide open to the spacious family room. Gas fireplace is accented with a fun wood wall above the mantle. The XL primary is on the main with a recently renovated bathroom complete with a gorgeous walk in tile shower and stylish double sink vanity. Wonderful walk in closet keeps everything organized and in it's perfect place. Laundry is downstairs and perfectly located. Extend living space outside to the fabulous screened in porch! Continue out doors and enjoy the wonderful dinning patio...perfect for dining or simply hanging out. You can even prepare dinner over the 2024 smokeless fire pit! Storage shed is newer and remains. Capped off with lovely flower gardens, this is a spectacular backyard/playground!! Jump back inside and upstairs you'll find an open bonus room, 2 bedrooms and an additional updated bathroom. The bonus room could be converted into an optional 4th bedroom if needed...water heater approximately 2024, roof 2020, Trane HVAC approximately 2017. 2 car garage will comfortably hold 2 cars! There's so much to love....you need to see it to believe it!
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.
