Some homes simply have that "this is it" feeling...and this is one of them. Brimming with the charm, character, and craftsmanship that make 1920s homes so beloved, this beautifully cared-for residence offers a rare blend of historic personality and modern ease. Sunlight pours through the home, highlighting inviting spaces that feel warm, welcoming, and ready for life's everyday moments, from slow mornings with coffee in hand to lively dinners with family and friends. Original character shines throughout, while thoughtful updates have been made where they matter most. Major mechanical, electrical, plumbing, structural, and efficiency improvements have already been completed, creating a home that lives as comfortably as it charms. The result is a wonderful sense of balance: all the warmth and soul of a classic home, paired with the confidence and convenience of modern living. The updated bathrooms, refreshed lower level, energy-efficient windows, improved insulation, and newer heating and cooling systems all contribute to a home that feels easy, comfortable, and well-loved. Every improvement has been made with an eye toward preserving the home's character while enhancing the experience of living here. Outside, classic architectural details, beautifully maintained masonry, and mature surroundings create the kind of curb appeal that never goes out of style. The fenced yard offers room to gather, garden, play, or simply enjoy a quiet evening under the stars. There is an undeniable joy to this home. It is the kind of place that welcomes you in, encourages you to stay awhile, and reminds you why older homes continue to capture hearts generation after generation. Full of personality, rich in character, and thoughtfully updated for today's lifestyle, this is a home that feels as special as it looks. Bonus: walk to schools, parks and shops! This is the home that has it all!
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.
