Meticulously maintained one-owner custom-built home offering 3 bedrooms, 3 full baths, and a second-floor bonus room with its own bath—ideal for guests or flexible living. Situated on 0.77 acres with natural gas and public sewer in the highly sought-after Fairfield Glade community. Level driveway provides easy access and everyday convenience. An impressive 8-foot entry door welcomes you into a bright great room featuring cathedral ceilings, a gas stone fireplace with wall-mounted heat & Glo control, and abundant natural light enhanced by three Velux sun tunnels added in 2020. Enjoy year-round relaxation in the 12x24 sunroom with PGT windows installed in 2017, waterproof carpet padding, and a split ductless heating and cooling system.The split bedroom floor plan offers comfort and privacy.Guest bedrooms are generously sized, and the guest bath features durable, low-maintenance suede countertops.The primary suite is a true retreat with a custom walk-in closet and spa-inspired bath including soaking tub, dual sinks, suede countertops, and a large walk-in shower.The kitchen is both functional and inviting with maple cabinetry, granite countertops, stainless steel appliances including a gas range, and a large walk-in pantry. A dedicated den/study with crown molding and pocket doors adds versatility.The upper-level flex space includes a full bath, new light fixture, and its own HVAC system—perfect for guests, hobbies, media room, or private office. Additional highlights include a spacious laundry room with cabinets, cubby storage, and washer/dryer with pedestals to remain; Infinity dual-fuel HVAC with gas furnace (heating component replaced January 2026), zone control thermostat, surge protection, whole-house generator, sound-dampening interior walls, security system, leaf guards, dehumidifier, and crawl space with concrete pad ideal for storage or workshop use. Convenient to shopping, dining, healthcare, and community amenities. Buyer to verify info before making offer.
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.
