"It’s beginning to look a lot like Christmas" with this PRICE IMPROVEMENT! Now offered at $308,900, this home is listed BELOW MARKET COMPARABLES, giving buyers the rare chance to step into immediate equity from day one. This beautifully styled modern farmhouse home delivers warm charm, clean neutral finishes, and the kind of cozy aesthetic you’d expect in an HGTV spread. From the welcoming front porch to the bright kitchen with refined farmhouse details, to the inviting living and dining spaces, every area feels intentionally styled and easy to love. Home can also be sold FURNISHED, offering a turnkey option for buyers without furniture or those seeking an attractively designed short-term rental. Semi-open layout connects the kitchen, dining, and living rooms while still offering privacy when desired. Bedroom layout provides a true split-plan design with the primary suite on one side and additional bedrooms on the other. Dedicated OFFICE with dual built-in desks adds workspace flexibility; this room can also serve as a formal dining area or be converted into a fifth bedroom. GARAGE IS AIR-CONDITIONED WITH A MINI-SPLIT, offering a perfect hobby space, workshop, business area, gym, or private retreat. Exterior features include a fully fenced yard, and RV OR BOAT PARKING on a concrete pad behind metal-framed gates that are wood-covered for added privacy. Recent updates include: repipe 2021 – roof 2017 – upgraded outlets 2024 – smart LG washer/dryer 2024 – new ceiling fans 2025 – fresh exterior paint 2025 – blow-in attic insulation 2025 – tilt-in windows – hardboard gable replaced 2025 – KitchenAid appliances – remodeled kitchen 2021 – remodeled baths – smart-home features – mini-split units 2022 – and more. Full upgrade list attached in MLS.
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.
