Welcome to this stunningly updated city charmer where modern comfort meets timeless character. The sellers are motivated and now is the perfect moment to buy. Interest rates have recently come down and winter is historically the best time to secure a home before spring activity pushes competition and prices upward. Step inside to a bright and inviting living room filled with natural light. It is a comfortable space for relaxing or entertaining. The spacious dining room sets the scene for memorable gatherings. The beautifully updated kitchen features stainless steel appliances, fresh finishes, and convenient access to the side yard. A well placed half bath completes the main level. The second floor features three bedrooms, and a versatile bonus room that offers endless possibilities. Use it as a home office, nursery, studio, or even expand the bathroom and add a washer and dryer hook up. A refreshed full bath serves this level. The finished third floor provides a private fourth bedroom with cozy alcoves, creating the perfect retreat. The finished basement offers a huge advantage and expands the way you can live in this home. It is ideal as a family room, office, gym, or even a fifth bedroom. It is flexible enough to meet whatever your lifestyle needs. Recent updates give you confidence and peace of mind. Central air. Efficient gas heat. Updated electric. Newer hot water heater. Brand new roof. Fresh paint. New flooring and carpet throughout. Outside, you will love the newly installed six foot privacy fence with a wide swing gate opening to your off street parking pad. The yard is spacious and ideal for pets, play, or entertaining. Additional street parking is available just steps away. The neighborhood continues to grow with new paving, sidewalks, and updated street lighting. This is city living at its best with beauty, comfort, and convenience throughout. This stunning home is ready to welcome you.
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.
