This charming four-bedroom, two-bath home, is full of timeless character and classic appeal. Featuring a solid brick exterior with wrap-around front porch and generously sized rooms throughout, the home offers high ceilings, spacious living and dining areas with beautiful built-in cabinets and plenty of natural light that enhances its historic charm. Each large bedroom provides ample closet space for comfort and flexibility, while the two full baths add everyday convenience. Upstairs windows were replaced in 2003. New well and sump pumps, new kitchen counters, backsplash, flooring, cooktop and dishwasher all in 2023. New dishwasher and refrigerator in 2020. New natural gas boiler in 2010 has been maintained yearly. Kitchen and bathroom windows were replaced in 2016. Original hardwood floors in most of the home. Four spacious bedrooms upstairs with plenty of closet space. The attic is partially floored for additional storage or could be turned into living space. The 3-car attached garage provides plenty of room for vehicles and storage plus provides direct access to the home into the laundry room. (which also includes a large built-in cabinet.) New garage doors in 2025. Garage roof was replaced in 2016. Situated on 1.77 acres, the property offers room to roam, garden, or simply enjoy country living. Covered front porch adds to the charm. Front yard is fenced for your small pets and children. A large 3-story barn with concrete floors and 4 stalls adds incredible value and versatility—perfect for storage, hobbies or workshop space. Barn roof was replaced in 2017.Combining vintage craftsmanship with wide-open space, this property is a rare opportunity to enjoy both history and functionality in a beautiful rural setting.
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.
