OPEN HOUSE SATURDAY, FEB 7TH FROM 10AM-12PM! This classic all-brick basement rancher in West Hills offers four bedrooms, two and a half baths, and over 3,100 square feet of thoughtfully designed living space. Set on a level, fenced lot just under 0.4 acres, the home blends timeless character with modern updates. Inside, original hardwood floors shine alongside updated lighting and two inviting gas fireplaces that create a warm, welcoming atmosphere. The kitchen is ideal for both everyday living and entertaining, featuring stainless steel appliances, granite countertops, and an easy connection to the main living areas. The oversized primary suite provides a true retreat with a walk-in closet and a renovated ensuite bath complete with a tiled shower, frameless glass enclosure, and double vanities. A well-appointed hall bath conveniently serves the additional bedrooms. The finished walk-out basement expands your living options with flexible space for recreation, guests, or a home office, plus a sizable unfinished area perfect for storage or a workshop. Outdoor living is equally appealing, highlighted by a 20x17 screened porch overlooking a private backyard with raised garden beds, as well as a spacious covered front porch ideal for relaxing. Recent seller improvements include a newly fenced yard, brand-new metal roof, new exterior doors, a custom chimney cap, and replacement of the main waterline. Located in the West High School zone with its highly regarded IB program, this move-in-ready home is less than five minutes from West Town Mall and Regal Cinema, and offers a prime location close to shopping, dining, outdoor recreation, and just an hour from the Great Smoky Mountains. *Pre Listing home inspection from Dusty Jameson at Inspector Cluseau will be added to the MLS Thursday*
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.
