Every home has a story - and this one has more than century's worth of them. For over 140 years this beautiful old soul has stood strong on the corner of Main Street, watching seasons and generations come and go. Beautiful 4-bedroom 2.5-bathroom Victorian loaded with character and updates!! Inside, you'll find original hardwood floors, beautiful crown molding and handcrafted woodwork that whisper tales of the past: kids racing towards the kitchen, friends gathered for coffee, late-night conversations turning into laughter. The charm here is the kind you simply don't find anymore. Boasting over 2,800 square feet of living space this old soul has a welcoming foyer with beautiful glass doors and a perfect little nook under the gorgeous staircase. What was once the parlor is now the cozy living-room, and it connects to the large family room with the decorative fireplace and beautiful shelving/display area. You will love the large, updated kitchen with newer appliances and the laundry room located right of the kitchen. Also, right off the kitchen overlooking the backyard is the wonderful 3 season room with its own fridge. And while the layout and charm are timeless, the systems are modern and reliable: new roof in 2022, new water heater in 2024 and new water softener in 2014, hot water heat and central air, whole home Generac generator (serviced annually), professionally waterproofed basement (inspected annually) and a professionally bat-proofed, cleaned and sanitized attic. Inground dog fence system and collar can stay with the property. The yard is a large corner lot(2 lots total) with a detached 2 car garage and a storage shed. This home sit in a truly great location - walking distance to the grocery store, coffee shop, Reds Bar and Grill, the park and splash pad, the library and more. Main Street living means convenience, community and that small town charm you cant manufacture. If you are looking for a home filled with history, character, charm and modern comfort make an appointment 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.
