This home comes with major updates already done and more on the way! Enjoy peace of mind with a brand new HVAC system (2025) with a transferable warranty, fresh exterior paint (2025), and a brand new roof coming soon. If you appreciate defined spaces, character, and a layout that gives every room its own purpose, this home is anything but typical. Located in a custom built neighborhood with NO HOA, you'll enjoy a more personalized community feel without the extra restrictions. This 4 bedroom home offers a versatile floor plan, including a main level bedroom that's perfect for guests, a home office, or multi-generational living. Upstairs, the primary suite features a charming private balcony overlooking the living room below a unique architectural detail you don't see every day. The kitchen offers flexibility and convenience with a gas stove currently in place, along with an electric hookup for those who prefer an electric range. One of the standout features is the extra wide 4 foot staircases leading to both the second floor and the full unfinished basement, making moving furniture, storage, or future finishing projects much easier. The full basement offers endless possibilities with an impressive 8'7" ceiling height and serves as a blank canvas ready for your vision. The home also features two full baths upstairs and two half baths - one on the main level and one in the basement - providing plenty of space and convenience for everyone. Don't miss the extra deep 33-foot garage, ideal for longer vehicles, a workshop, or additional storage. Conveniently located near Avon with easy access to shopping, dining, and I-465, this home combines everyday convenience with the charm and character of a custom neighborhood setting. Seller may consider offering concessions toward buyer closing costs, prepaids, or an interest rate buydown with an acceptable 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.
