Welcome to this stunning all brick colonial gracefully set on a private, wooded lot, offering a rare blend of elegance, comfort, and peaceful surroundings. From the moment you arrive, the home impresses with timeless curb appeal and an oversized two car attached side load garage. Inside, gleaming hardwood floors flow throughout the main level, beginning in the inviting foyer and continuing into the light filled family room, beautifully appointed with crown molding and a striking two sided fireplace that seamlessly connects to the kitchen. The heart of the home is the updated gourmet eat in kitchen, thoughtfully designed with granite countertops, beams, crown molding, recessed lighting, a walk in pantry, and updated appliances. The shared fireplace adds warmth and character, while serene wooded views create a truly special everyday setting. The kitchen also provides direct access to the garage for added convenience and opens to a composite rear deck, perfect for relaxing or entertaining while enjoying the peaceful natural backdrop. The main level primary suite serves as a private retreat, featuring crown molding and direct access to the rear deck, allowing you to take in the tranquil surroundings morning and night. The main level also includes a full laundry room and a beautifully updated full bathroom complete with a jetted soaking tub, separate shower, and dual vanity. Upstairs, you will find two generously sized bedrooms with plush carpet. One bedroom features a walk in closet and private ensuite bath, while the second offers a unique secondary staircase with direct access to the garage. The upper level also showcases a sprawling loft with a skylight, ideal for a home office, fitness area, or versatile flex space. The unfinished lower level provides endless possibilities for customization and includes walkout access to a covered lower deck, further enhancing your outdoor living space. With its serene setting, impressive interior, thoughtful updates, and convenient access to everyday amenities, this home offers a lifestyle that is both refined and relaxed. The home boasts several key improvements, including an updated roof, HVAC, and hot water heater. Inside, the refreshed kitchen and various other updates throughout make this property truly move-in ready. Shed, deck, chimney, and awning convey as is.
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.
