Step into timeless elegance in this extraordinary historic residence where original craftsmanship and modern luxury come together seamlessly. From the moment you arrive, the expansive wraparound front porch, impressive architectural details, and remarkable curb appeal set the tone for what awaits inside. The grand living spaces showcase original quarter-sawn oak woodwork, impressive columns, ornate ceiling medallions, crystal chandeliers, Lincrusta wall friezes, and beautiful leaded and stained-glass windows that fill the home with character and natural light. Rich millwork, built-ins, and exceptional craftsmanship throughout preserve the home's historic integrity. The stunning primary suite offers a true spa experience featuring a custom air-jetted soaking tub with stone surround, oversized walk-in shower, dual onyx vessel sinks, and designer finishes throughout. A second luxurious bedroom suite provides private balcony access, dramatic custom draperies, and beautifully updated adjoining baths. The custom Brakur kitchen blends timeless design with modern convenience, offering extensive cabinetry, granite countertops, a large center island, built-in appliances, designer lighting, wine refrigerator, built-in wine rack, and a dramatic arched window that floods the space with natural light. The partially finished basement provides additional family living space with a cozy family room centered around a wood-burning gas stove, along with a dedicated game and puzzle nook perfect for entertaining or relaxing. Outdoor amenities are equally impressive, featuring the iconic wraparound front porch, private rear patio, and a professionally installed swimming pool that creates the perfect setting for summer entertaining, family gatherings, and outdoor enjoyment. This remarkable home offers the rare opportunity to own a property where historic charm, more luxury updates than mentioned here, and modern amenities exist in perfect harmony. Be sure to review all photographs to fully appreciate the exceptional craftsmanship, custom finishes, historic details, and thoughtfully designed spaces that make each room within this remarkable home uniquely its own.
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.
