Set in the heart of Johnstown, where everyday convenience meets a quieter pace of life, this single family residence unfolds with a sense of warmth and easy livability that feels both grounded and inviting. Mature landscaping and thoughtful exterior detailing create a welcoming first impression, while an extended driveway and two car garage offer both function and presence. Inside, the home opens to a spacious formal living room where vaulted ceilings lift the space and a classic fireplace anchors the room with a sense of comfort. Natural light moves easily throughout, reflecting across new carpet and a neutral interior palette that feels refreshed yet timeless. The flow continues into an eat in kitchen designed for both daily rhythm and gathering, featuring newer stainless steel appliances, ample cabinetry, a pantry for storage, and a peninsula that gently defines the space while encouraging connection. The main level is composed with intention, offering a primary suite with a private bath and walk in closet, along with two additional bedrooms and a full bath. Each space carries a quiet cohesion, balancing function with a sense of calm. Below, an unfinished basement introduces opportunity. Already equipped with an additional bedroom and bathroom, the space invites expansion whether imagined as a secondary living area, fitness space, or creative retreat. Outdoors, the backyard extends the living experience. An elevated deck creates a natural setting for dining and gathering, while the surrounding lawn offers room to relax, play, or simply enjoy the openness. A storage shed provides practical utility, keeping tools and seasonal items thoughtfully tucked away. Positioned near parks, shopping, dining, and major roadways, the location supports both accessibility and ease. With new countertops, updated finishes, and a welcoming atmosphere throughout, this home offers a balanced blend of comfort, character, and potential in one of Johnstown's most central settings.
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.
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