Welcome home to this beautifully maintained 3-bedroom, 2-bath brick residence in the heart of Blackshear. Built in 1973, this well-cared-for home offers a wonderful combination of timeless charm, thoughtful updates, and exceptional functionality. Inside, you'll find an inviting floor plan with luxury vinyl plank flooring, neutral colors, Andersen windows, and an abundance of natural light throughout. The remodeled kitchen serves as the heart of the home, featuring custom white cabinetry, granite countertops, stainless steel appliances, a gas range, stylish tile backsplash, updated kitchen faucet, and generous counter space perfect for everyday living and entertaining. One of the home's standout features is the expansive sunroom/flex space lined with tall windows, creating the perfect setting for a formal dining room, second living area, home office, hobby room, or gathering space for family and friends. The comfortable living room, spacious utility area, built-in storage, and thoughtful layout add to the home's practicality and appeal. The sellers have made numerous improvements, including new entry and storm doors, Andersen windows, updated flooring throughout the house, updated bathroom cabinetry, a new refrigerator, gas stove, kitchen faucet, shower update in the second bath, and a mini-split system in the dining/flex room. The seller disclosure also notes a built greenhouse, carport additions, a dining room addition, gutters installed around the home, and multiple storage/outbuilding improvements. Outside, you'll love relaxing on the welcoming covered front porch complete with porch swing and rocking chairs. The fenced backyard offers plenty of room for pets, gardening, recreation, and outdoor entertaining. Gardeners and hobbyists will especially appreciate the greenhouse, multiple storage buildings, workshop space, covered equipment storage, and detached carport, offering endless possibilities for plants, projects, tools, and organization. This well-cared-for property offers the perfect balance of indoor comfort, outdoor space, and convenient in-town living. From the beautifully updated kitchen to the versatile living spaces, Andersen windows, greenhouse, and impressive storage options, this Blackshear home is truly a 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.
