Welcome to this completely renovated ranch-style home in the Greendale Manor neighborhood, offering 4 bedrooms, 2 bathrooms, and 1,560 square feet of thoughtfully updated living space on a flat corner lot. This brick and vinyl home has been fully updated with all new electrical, new windows, new flooring, a brand-new kitchen and bathrooms, and new garage doors, providing peace of mind and modern style throughout. A sidewalk leads to the welcoming front stoop with storm door and decorative entry. Inside, the bright living room features two large new thermal windows, recessed lighting, and durable LVP flooring that flows throughout the home. The space opens to the beautifully updated kitchen, highlighted by quartz countertops, wooden cabinetry, stainless steel appliances, subway tile backsplash, and a gas five-burner cooktop. The eat-at island has storage cabinets and drawers and provides additional prep and seating space, while a breakfast area completes the kitchen layout. Just beyond is a spacious pantry and a separate laundry room with side-by-side washer and dryer hookups, water heater, additional storage, and access to the new rear deck 16 x 10.6. The oversized primary suite offers a unique retreat with a cozy wood-burning fireplace, triple window, double sliding closets, and a private bath featuring a stunning walk-in shower with blue marble surround and black hexagon tile flooring. Down the hall off the living room are three additional bedrooms, each with LVP flooring, overhead lighting, and double sliding closets, along with a full hall bath with tile surround tub/shower combo, single vanity, and linen storage. A pull-down attic provides additional storage. Outside, enjoy the fenced backyard and the large detached 28x24 two-car garage with its own electrical panel, overhead lighting, and plenty of room for storage or workshop space. Conveniently located near shopping, dining, and major highways, this beautifully renovated home is truly move-in ready.
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.
