Personality radiates from every corner of this delightful three-bedroom, two-bath charmer, where thoughtful updates meet genuinely enviable outdoor living. From the curb to the covered patio, this home invites you to slow down and enjoy the good life. Sunlight pours through numerous floor-to-ceiling windows, brightening a spacious living room and a separate family room anchored by a cozy fireplace. The formal dining room stands ready for holiday feasts and lingering dinner parties, while the large, updated kitchen steals the spotlight with gorgeous cabinetry, sleek Corian counters, and stainless-steel appliances that make cooking a genuine pleasure. Two refreshed full bathrooms add everyday comfort, and a walk-up unfinished attic offers exciting potential for storage or future expansion. Step outside and prepare to fall in love. A covered patio sets the stage for alfresco meals, while a private backyard, wrapped in a privacy fence and accented by decorative aluminum fencing, delivers a serene escape. The cherry on top? A brand-new hot tub, perfect for unwinding beneath the stars. Behind the scenes, you will enjoy valuable peace of mind knowing many of the home's major mechanicals and big-ticket improvements have already been completed. Recent updates include the air conditioner and dryer (2025), dishwasher and refrigerator (2026), water heater (2024), windows (2018), and roof (2016), allowing you to move in with confidence and focus on enjoying your new home rather than tackling costly replacements. The location seals the deal. Lincoln Park sits just steps away, offering scenic walking trails and lively community events. Town & County Shopping Center is a quick errand away, and convenient bus access keeps commuting simple. Charming, beautifully updated, and truly move-in ready. Opportunities like this are rare and highly sought after. Do not wait to make your move. Schedule your private showing today before another buyer calls this incredible home their own.
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.
