Step into a home that truly impresses from the very first glance. Impeccably maintained and beautifully finished, this stunning property welcomes you with exceptional curb appeal, highlighted by a spacious three-car garage and refined exterior details. Inside, elegance and thoughtful design shine throughout. The main level offers a formal living room and a dining room adorned with chair rail detailing, while the inviting family room features classic crown molding. Stylish vinyl plank flooring flows seamlessly through these spaces, enhancing both beauty and durability. At the heart of the home, the kitchen is nothing short of spectacular. Designed to captivate, it boasts gleaming quartz countertops, a striking backsplash, and an oversized island with curved seating—perfect for gathering and entertaining. A built-in oven and drop-in range (currently electric, with gas conversion available) complete this exceptional culinary space. Step outside to a tiered deck with new railings, overlooking a fully fenced backyard with a storage shed and tranquil views of open green space—an ideal setting for relaxation or outdoor entertaining. Upstairs, you’ll find four generously sized bedrooms and two full baths. The vaulted owner’s suite is a true retreat, featuring a walk-in closet and a private bath with dual sinks. A conveniently located second-floor laundry room adds everyday ease, while the additional bedrooms share a well-appointed bath with dual vanities. The finished lower level offers incredible versatility with a private apartment-style layout, including a living room, kitchen, full bath, bedroom, and ample storage. With walk-out access to a rear patio, it’s perfectly suited for an in-law suite, guest quarters, or private living space. With scenic views, abundant upgrades, and a prime location, this remarkable home offers the perfect blend of comfort, style, and functionality—an absolute must-see.
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.
