Positioned on a beautifully wooded lot with a welcoming presence from the moment you arrive, 3150 Sareth Lane offers peaceful one-level living, comfortable interior spaces, and a setting that feels tucked away while still remaining close to everyday conveniences. Built in 2004, this three-bedroom, two-bath home is surrounded by trees that create a cozy and private atmosphere, giving the property a warm and inviting feel year-round. As you approach the home, the setting immediately stands out with its attractive positioning and serene surroundings. Inside, the layout is open, functional, and designed for comfortable everyday living. The family room serves as the heart of the home, offering generous space for relaxing along with abundant natural light that pours in throughout the day. The large, open feel of the main living areas creates an easy flow between spaces while still maintaining a cozy atmosphere that guests immediately notice and appreciate. The oversized two-car detached garage is another standout feature, providing excellent storage space and flexibility for hobbies, tools, outdoor equipment, or additional organization needs. Outdoor living continues the appeal of the property. The backyard is level and usable with plenty of room for gatherings, outdoor activities, play areas, gardening, or entertaining. A rear deck offers a comfortable space to relax and enjoy the peaceful setting, while the surrounding woods and frequent wildlife sightings add to the property’s retreat-like feel. With very little through traffic nearby, the home offers an added sense of privacy and comfort. Recent updates include a new roof installed in September 2025, HVAC replacement in 2023, and a new sidewalk added in 2024, helping provide peace of mind for future owners. The location offers the perfect balance of serenity and convenience, with shopping, dining, and everyday necessities just a short drive away while still maintaining a scenic, tucked-away atmosphere. Comfortable, cozy, and welcoming, this home offers the perfect balance of convenience and privacy, a place where you can enjoy nature, unwind at the end of the day, and truly feel at home.
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.
