Absolutely Stunning Home & Move-In Ready! Don't miss your chance to own this beautifully remodeled 3-bedroom, 3-bathroom home, where luxury, comfort, and thoughtful design come together in perfect harmony. Every inch of this home has been updated with style, quality, and functionality in mind. Step inside and you'll be greeted by gleaming hardwood floors that flow throughout the open-concept home. The spacious family room, complete with a cozy gas fireplace and cathedral ceilings flows seamlessly into the dining area and fully updated kitchen. The kitchen boasts elegant slate GE appliances, modern soft-close cabinetry, and contemporary finishes-making it a dream for both everyday living and entertaining. Retreat to the expansive 3-season room that overlooks a private backyard oasis. Whether you're sipping your morning coffee, hosting a dinner party, or relaxing after a long day, this versatile space leads you directly to your resort-style outdoor area. Enjoy summer to the fullest with a relaxing hot tub, perfect for sunbathing or grilling out with friends. All three bathrooms have been beautifully updated with stylish tile, including a luxurious jacuzzi tub with jets for the ultimate at-home spa experience. The main floor also features a convenient laundry room, while the fully finished basement provides even more living space. Downstairs, you'll find a huge basement with a second fireplace, a full bathroom, an additional laundry area, and a dedicated workspace with a built-in bench-perfect for hobbies or home projects. The basement is as spacious as the upper level and offers tons of storage for all your needs. Adding even more value, this home comes equipped with a state-of-the-art solar energy system, featuring 20 solar panels and a 12-year transferable warranty on the inverter and other components. This drastically reduces your electric bills while helping the environment. Every detail in this home has been thoughtfully curated and meticulously maintained. Homes like this rarely come to market. Sched
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.
