Welcome to this traditional, colonial-style home located on a tree-lined, family-oriented street. Close to shopping, restaurants, churches, and close access to a major highway. This home has plenty to offer to any new purchaser. The rear yard is fully privacy fenced with an in-ground heated pool to slip into and relax away all the daily grind. Gazebo offers plenty of peace and tranquility as you sip your morning coffee while listening to the birds sing and the waterfall flowing into the fish pond, complete with lily pads and fish. The yard boasts many flower beds, a fire pit area, a storage barn, and plenty of deck space and concrete surrounding the pool area for family and friends to set up their lounge chairs and soak up the sun. A three-season room offers multiple options for sliding windows and sliding doors that access the interior home and exterior pool area. The recently remodeled family room is complete with a gas fireplace and new laminate flooring. The kitchen has an island, a breakfast bar, and a separate prep area or bar area. All kitchen appliances will remain. Beautiful hardwood floors flow from the kitchen area into the dining area. The front door leads to a large foyer and all rooms on the main floor, including a convenient half bath. Extra room off the dining area is currently being used as an office. Upper level has three generously sized bedrooms, two full baths with one located in the primary suite. Primary has newer carpet. The lower level is complete with another full bath, utility room, sump pump, a fourth bedroom, and lots of storage options. Washer and dryer will remain. A two-car attached garage has overhead storage that can also be accessed from outside with a convenient double door entry. This home has much to offer, so don't wait! Call today for your personal viewing. Roof(2025), complete with cute cupola, pool pump (2026), pool liner (2021), furnace and A/C(2021), new electrical outlets (2025), New backyard electrical (2026).
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.
