Step into this stunning completely rebuilt home where timeless character meets modern luxury. Thoughtfully redesigned from top to bottom, this one of a kind property offers the feel of new construction with the charm and warmth of a custom home. Every detail has been meticulously chosen from the designer lighting and custom tile work to the rich wood finishes and open, inviting spaces. Inside, you’ll find a show-stopping kitchen at the heart of the home, featuring granite countertops, elegant chandeliers, custom cabinetry, and a subway tile backsplash. The oversized island is perfect for entertaining or gathering with loved ones. The open-concept floorplan flows effortlessly into a cozy living area with wood floors, custom trim, and a seamless connection to the rest of the home. Upstairs, unique architectural angles and fresh finishes give each room its own character. Multiple spacious living areas feature plush carpeting, bold accent walls, built-in lighting, and even a statement electric fireplace that adds both style and function. The bathrooms have been fully reimagined with luxury in mind. Enjoy modern vanities with granite counters, black matte fixtures, walk-in showers with bold black and white tile designs, and curated storage solutions throughout. Additional upgrades include a large laundry room with built-ins, a massive walk-in closet with chandelier lighting. Outdoors, unwind on the oversized wooden deck nestled under mature trees your own private retreat. No detail was spared in this full transformation, all major systems, finishes, and design elements are new. This is not a flip it’s a full custom rebuild ready for the next chapter. Schedule your showing today and experience the craftsmanship and comfort for yourself!
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.
