Price improvement! With over $30,000 in upgrades, this home has been thoughtfully renovated to offer modern comfort and style. Starting with the exterior, you’ll be greeted by fresh landscaping featuring rich dark mulch and restored green grass, creating a low-maintenance front yard that’s both beautiful and practical. Step inside to the main level, where the entire space has been freshly painted and features rich hardwood floors that flow seamlessly throughout. The kitchen shines with brand-new upgrades—including new modern cabinets, stylish new countertops, a new sink, and a new dishwasher —combining elegance with efficiency. It’s the perfect setting for everyday living or entertaining with ease. Upstairs, you’ll find three inviting bedrooms, each freshly painted and featuring new ceiling fans for added comfort. The updated full hallway bath includes a brand-new vanity and offers a clean design that ties the upper level together beautifully. An attic that also gives extra space and storage. Head down to the fully finished basement, where you’ll discover new carpet, fresh paint, and a cozy fireplace—perfect for relaxing or hosting guests. The basement offers versatile living options, whether you envision a home office, guest suite, or play area! You’ll also find a convenient full bathroom, ample hallway storage, and a beautifully upgraded laundry area with new tile flooring and newly installed ceiling tiles. Enjoy easy outdoor access from the basement to the low-maintenance backyard, featuring both a cement patio and a wood patio. The mature tree offers the ideal blend of shade and natural beauty, making this space a peaceful retreat for relaxing or entertaining. Outside, enjoy the convenience of assigned parking with two spaces, along with ample on-street parking for guests. The community features well-maintained sidewalks and street lights, enhancing the neighborhood's charm . The association takes care of common area maintenance, snow removal, and trash services, allowing you to enjoy a low-maintenance lifestyle. The community amenities include tot lots and playgrounds, perfect for afternoons. Experience the warmth and charm of this home, where every detail has been thoughtfully considered for your comfort and enjoyment!
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.
