Exceptional Turn-Key Living! This beautifully renovated 3-bedroom residence masterfully blends contemporary luxury with functional, multi-level design, offering incredible utility from entry to the finished lower level. Entry & Main Level Sophistication: • Welcoming Entry: Upon entry, you are greeted by a charming facade featuring brick masonry and a distinctive, fresh light green entry door. • Sun-Drenched Living: The main floor immediately showcases a bright and inviting living area, bathed in natural light from large windows and set against a warm, neutral palette. This space flows effortlessly toward the kitchen. • Gourmet Chef’s Kitchen: The updated kitchen is a showstopper, featuring sleek white cabinetry, elegant quartz countertops, a designer backsplash, and a full suite of stainless steel appliances (including a gas range). A central island with a breakfast bar enhances functionality and offers casual dining. Direct access to the rear yard promotes seamless indoor/outdoor living. Upper Level Sanctuary (Bedrooms & Primary Bath): • Private Quarters: Ascend to the upper level where the tranquil sleeping quarters await. The primary bedroom offers a peaceful retreat with calming gray walls and ample natural light. This level houses the home's first full bathroom, appointed with a modern black vanity and stylish fixtures. Fully Finished Lower Level: • Versatile Recreation Space: The finished basement provides exceptional, flexible square footage—perfect for a home theatre, dedicated office, or playroom. This level boasts modern wood-like flooring for warmth and built-in storage closets for organization. • Second Full Bathroom: An added convenience, a second full, updated bathroom is located on this level, significantly enhancing the utility for residents or guests utilizing the basement space. Exterior & Practicalities: • Private Backyard Oasis: Step out to a large, fully fenced backyard providing ultimate privacy and space for entertaining or recreation. Mature trees offer natural shade, while a convenient storage shed keeps equipment tidy. • Parking: The property features a dedicated parking area adjacent to the home, providing easy access for residents and guests. Additionally, ample street parking is available, ensuring convenience for visitors. This property is perfectly positioned for the discerning buyer seeking modern updates, defined living areas, and excellent utility across multiple levels. Schedule your private tour 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.
