Stunning, meticulously maintained home on a nearly half-acre corner lot, perfectly positioned just minutes from Scott Air Force Base, local dining, shopping, and a short walk to the Tamarack Golf Clubhouse. With exceptional curb appeal, lawn irrigation, gutter guards, and mature landscaping, this home immediately sets itself apart. Step inside to a warm, light-filled interior where new carpet graces the living room, formal dining room, primary suite, and first bedroom, while hardwood floors flow through the foyer, hallways, kitchen, sitting room, and eat-in area. The sitting room—flanked by oversized windows and centered on a gas fireplace—is a space where mornings begin in quiet comfort and evenings settle into calm. The kitchen is truly a chef’s dream, designed for both function and gathering. Showcasing incredible granite countertops, stainless steel appliances, a generous center island, and a large walk-in pantry, it offers not one—but two breakfast bars, including a high-top and a low-top option for effortless entertaining. The adjacent breakfast room soaks up natural light and opens seamlessly into the sitting room, creating a flow that feels both open and intimate. Recessed lighting throughout the main level and a vaulted living area elevate the home’s sense of space. This home features five bedrooms, two full baths, and two half baths, with a truly enormous primary suite that stands apart. The primary bedroom offers abundant space, a walk-in closet, and a private en-suite complete with a garden tub, separate stall shower, and bay window, adding both comfort and charm. Classic two-panel doors throughout reflect the home’s quality craftsmanship. Downstairs, the partially finished lower level delivers incredible flexibility—perfect for a family room, entertaining space, or private retreat—anchored by an additional gas fireplace. Beyond that, the massive unfinished area seems to go on and on, offering room for a gym, workshop, storage, or anything you can imagine. Outside, the backyard is set up for a summer dream with a covered composite deck, fixed gazebo, and partially fenced yard, offering multiple outdoor living spaces ideal for relaxing or hosting. The expansive corner lot, nearly half an acre, provides both privacy and presence in one of the area’s most desirable settings. Close to Scott AFB, shopping, dining, golf, and everyday conveniences, this home blends space, location, and condition in a way that is increasingly hard to find.
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.
