Welcome home to this spacious and beautifully maintained 5-bedroom, 3.5-bath Colonial situated on nearly half an acre in Central School District. From the moment you arrive, the stately front porch with impressive columns creates a timeless first impression. Step through the double-door entry into a welcoming foyer featuring brick flooring, chair rail, crown molding, a convenient powder room, and coat closet. The formal living and dining rooms showcase hardwood flooring, elegant crown molding, chair rail accents, and distinctive six-panel windowed doors, providing classic spaces for entertaining and everyday living. The inviting family room offers hardwood floors, a wood-burning fireplace with brick surround, built-in shelving, decorative molding with accent lighting, and direct access to the sunroom. This unique two-story sunroom is filled with character, featuring brick walls and flooring, Pella windows, a built-in bar area, and a spiral staircase. From here, enjoy views of the fenced backyard complete with mature landscaping and a large paver patio—perfect for outdoor gatherings. The kitchen combines functionality and charm with brick flooring, abundant cabinetry and storage, stainless steel appliances including a smooth-top electric range, built-in microwave, dishwasher, and refrigerator, all of which convey. A tray ceiling with recessed lighting highlights the space, while the breakfast nook features chair rail detailing and a sunny bump-out window overlooking the backyard. Adjacent to the kitchen is a practical mudroom with included washer and dryer, utility sink, coat hooks, pocket door, spacious pantry, and access to the oversized two-car garage with insulated garage door and dedicated work area. Upstairs, the primary suite includes a dressing area with vanity, double closets, and a private bath with shower stall. The adjoining bedroom offers flexible use as a nursery, home office, exercise room, or sitting room and includes hardwood floors, chair rail, crown molding, and access to the sunroom via the spiral staircase. Three additional generously sized bedrooms and ceiling fans throughout complete the upper level. One bedroom features a custom built-in desk with ample storage. The finished lower level provides even more living space with a recreation room featuring crown molding, recessed lighting, built-in desk area, double closets, and privacy windows. A full bath, utility room, large storage room with two cedar closets, double utility sink, radon mitigation system, outside entrance, storage beneath the stairs, and additional crawl space storage under the garage offer exceptional functionality. Located in a sought-after neighborhood with convenient access to shopping, dining, and I-83, this home offers a rare combination of space, character, storage, and versatility in a prime location.
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.
