Step into something refreshingly different-this isn't your typical open-concept home! If you appreciate defined spaces, character, and a layout that gives every room its own purpose, you're going to love this one. 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-perfect for guests, a home office, or multi-generational living. Upstairs, the primary suite features a charming mini balcony that overlooks the living room below, adding a unique architectural touch you don't see every day. The kitchen is set up for choice and convenience with a gas stove currently in place, plus an electric hookup if you prefer to switch to an electric stove. One of the standout features? The 4-foot wide staircases leading both to the second floor and down to the full unfinished basement-making moving, storage, or future finishing projects a breeze. The basement is a blank canvas ready for your vision with it's 8ft 7inch ceiling height. You'll also find 2 full baths upstairs and 2 half baths (one on main level and the other in the basement), giving everyone plenty of space and convenience. Recent updates that have already been taken care of include a brand new HVAC system (2025 with transferable warranty) and fresh exterior paint (2025), so you can move in with confidence. And don't miss the extra-deep 33-foot garage-perfect for longer vehicles, a workshop, or additional storage. Ideally located near Avon, this home offers easy access to shopping, dining, and I-465, making commuting and everyday errands convenient while still enjoying the charm of a custom neighborhood setting.
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.
