Welcome to this beautifully maintained and thoughtfully updated 5-bedroom, 3-bathroom home with a dedicated office, nestled in a highly desirable neighborhood served by an excellent school district. From the moment you arrive, you'll appreciate the pride of ownership and the inviting atmosphere that carries throughout the entire property. Step inside to discover a bright, sun-filled interior with abundant natural light streaming through large windows. The spacious layout offers the perfect balance of comfort and functionality, ideal for both everyday living and effortless entertaining. The generous kitchen provides ample cabinetry, plenty of counter space, and room for gathering, making it the true heart of the home. Just beyond, the expansive living room offers a warm and welcoming setting for hosting guests or enjoying quiet evenings in. All five bedrooms are comfortably sized, providing flexibility for family and guests, while the separate office creates an ideal space for working from home, studying, or managing daily life in privacy and comfort. You'll love the extra-large closets that deliver exceptional storage and organization. The three full bathrooms are well appointed and add convenience for busy households. This home has been meticulously cared for, with updates that enhance both style and practicality, allowing the next owner to move right in with confidence. Outside, the property continues to impress with its attractive setting and wonderful community feel. Location is everything, and this one delivers. Enjoy being just minutes from shopping, dining, parks, and major commuter routes while still benefiting from a peaceful residential environment. A spacious 2-car garage completes the package, offering additional storage and everyday ease. With its combination of size, light, condition, work-from-home flexibility, and unbeatable location, this is a home buyers will not want to miss. Come see it today!
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.
