Situated on a quiet lot with by mature shade trees, this home features clean vinyl siding, an attached single-car garage, and a covered front entry porch that welcomes you inside. Step through the front door to find a remarkably spacious layout maximized for effortless daily living. The expansive living room boasts soaring vaulted ceilings, warm wood-look flooring, and a modern ceiling fan. A sweeping archway creates a grand transition into the sunlit dining area and kitchen. This layout allows you to host dinner parties or keep an eye on things while cooking. Through the kitchen's double doors, you can easily transition to outdoor dining. Retreat down the hall to the primary suite, a peaceful haven designed for ultimate comfort. This room features crown molding, plush neutral carpeting, and a stylish ceiling fan. It comes fully equipped with a sought-after walk-in closet, as well as its own dedicated bathroom for maximum privacy. The additional bedrooms offer fantastic versatility to fit any lifestyle. One bedroom features a warm, custom wood-plank accent wall and durable wood-look flooring, creating a cozy rustic retreat or a peaceful home office. The other secondary bedroom showcases unique, bold styling with striking checkerboard floors and crown molding, making it the absolute perfect space for a high-energy gaming room, fitness space, or creative studio. Step outside to discover another major highlight: a fully privacy-fenced backyard. Perfectly sized for low-maintenance enjoyment, this secure outdoor space offers ultimate seclusion and peace of mind without requiring hours of weekend lawn care. Located just minutes from top-rated schools, local parks, and downtown dining, you will also enjoy easy access to the stunning natural beauty of Turner Falls Park and the Arbuckle Mountains. This move-in-ready gem is ready for you to call it home. Schedule your private showing today!
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.
