This 4-bedroom, 3-full-bath home is located on approximately 1 acre in a quiet country setting. The main level includes an entry living area that opens into a 24×24 family room. Recent updates on the main floor include new vinyl flooring throughout, upgraded window blinds, fresh interior paint, and rough-cut cedar accents that provide a consistent design style across several rooms. The kitchen features updated vinyl flooring, refrigerator, dishwasher, stove, microwave, and added custom cabinetry in the dining area. A 2014 addition created a dedicated laundry room with ceramic flooring, custom cabinet storage, and a washer and dryer purchased in 2018. The original laundry area has been reconfigured into a hallway with pantry space, hot water heater access, room for a freezer, and built-in shelving for storage. The home includes two Master Bedroom suites. The 2014 suite features pine tongue-and-groove walls, separate closet space, custom shutters, and upgraded carpet. Its bathroom includes an oversized tub, custom built-in shower, ceramic flooring, upgraded toilets, a custom linen closet, and dual sinks. The original primary suite includes new vinyl flooring, upgraded blinds, a picture rail, the original closet, and an additional closet with under-stair storage. Its bathroom has been updated with a ceramic step-in shower, new toilet, new vanity, and fresh paint. The second level includes two additional bedrooms with large closets and storage areas. One bedroom has new vinyl flooring, new paint, and upgraded blinds. The second bedroom includes built-in bookshelves, upgraded blinds, and original carpet. The upstairs bathroom features a BathFitter-installed shower with handrails and seating, updated flooring, toilet, sink (installed in 2025), and a separate linen/storage closet. Exterior features include a covered back patio with a custom fireplace, a 15-foot-diameter pool with custom deck and patio area, and privacy fencing around the pool. A 24×36 steel building with concrete flooring, dual entry doors, and covered lean-to extensions is located beyond the pool area. A separate covered porch with kitchen access includes railing and steps leading to the side yard and two storage buildings. The property also includes eight mature blueberry bushes. The front porch has been enclosed and remodeled with a custom window and new steps. The front and side entries lead to a recently built matching two-car wood carport, shutters, and pergolas. A bonus shed provides additional storage for yard or garden equipment. The entire yard is fully fenced and includes remote gate access. Recent major updates include a new roof installed in 2023 and a new HVAC unit installed in 2025.
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.
