In a world full of cookie cutter homes, its so nice to see a historic home like this! Discover the charm and character of this spacious 3-bedroom, 2 full bathroom home located in the heart of Marysville. Offering 1,737 square feet of living space on a fenced .19-acre lot, this home showcases many of the timeless features that make older homes so special, including beautiful tray ceilings in the living room and bonus front room, original architectural details and a classic clawfoot tub that adds vintage appeal to the first-floor bathroom. The versatile floor plan includes a large front bonus room perfect for an office space, library, workout room or so much more! There is also a second living room at the rear of the home which makes this home have plenty of room to spread out and make the space your own. Outside, you'll enjoy a large composite deck, equipped with wooden pergola and a perfect space for a hot tub! You will also find an oversized detached 2-car garage with convenient private access from the alley, providing ample storage and parking. Built in the early 1900s, this home offers a rare opportunity to own a piece of local history while adding your personal style and updates along the way. With abundant character, and endless potential, this property would make an excellent primary residence, rental investment, or renovation project for someone looking to bring new life to a classic home. Situated in the heart of Marysville, you'll love the ability to leave your car at home and enjoy a short walk to everything Uptown has to offer. Spend Saturday mornings browsing the Marysville Farmers Market, enjoy local shops and restaurants, visit the library, attend Uptown Friday Nights, explore nearby parks, and take advantage of the vibrant community events that make Marysville such a special place to call home. Character, convenience, and opportunity all come together in this unique property.
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.