This charming Cape Cod-style home, built in 2006, offers a perfect blend of comfort and functionality with plenty of room to expand, nestled on a generous level 3.18-acre lot in the picturesque woods of Shermans Dale with beautiful mountain views. This residence is designed for both relaxation and entertaining with 4 spacious bedrooms and 3 full bathrooms. Step inside to discover an inviting open floor plan that seamlessly connects the living, dining, and kitchen areas. The family room, conveniently located off the kitchen, features a cozy propane fireplace adorned with beautiful stone and an aged wood mantel, creating a warm ambiance for gatherings or private snuggle time. The kitchen is a chef's delight, equipped with modern stainless appliances including a gas range, built-in microwave, refrigerator, and dishwasher, complemented by ample counterspace. There's room for an eat-in area perfect for casual meals or a quaint pub table, or leave the space open and enjoy all your meals in the adjoining formal dining area. Natural light floods the home, accentuated by recessed lighting and elegant crown moldings throughout the first floor. Attention to detail is evident throughout! Enjoy the convenience of a main floor laundry and an entry-level bedroom, ideal for guests or multi-generational living. The second floor features 2 spacious bedrooms, a full bath and a large flex space that could be used as an additional family room, office, study or gaming area. Step outside to your private oasis, complete with an above-ground pool installed in 2025 and a spacious deck, perfect for summer barbecues and relaxation. The detached garage provides ample storage and parking, with additional driveway space for guests. This home was built with modular construction techniques in a climate controlled site and then assembled on site with a full basement featuring Superior Wall construction making finishing it a breeze. The basement currently includes a large storage area but could easily be finished to add a huge bonus space. Heating and cooling options include duel fuel heat and A/C with propane back-up, a mini split system for the 2nd floor, a gas fireplace in the family room and a pellet stove in the living room. This home is not just a place to live; it's a sanctuary where memories are made. Experience the perfect blend of comfort, style, and outdoor enjoyment in this delightful 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.
