Instant Equity! Spacious 4-Bedroom with Private Pool & Massive Storage The Opportunity of the Year! Recently appraised at $394,000, this versatile 4-bedroom, 4-bathroom home is priced for a quick sale. This is your chance to walk into equity on day one. While the home needs your creative touch for flooring and paint, the "heavy lifting" is already done. With every major system updated within the last 7 years, you can focus on the fun part: making this space your own. Home Highlights: * The Main Level: A sprawling living room with a cozy fireplace leads into an expansive kitchen and dining area (all appliances stay!). Enjoy your morning coffee in the sunroom overlooking the pool. The primary suite is also conveniently located on the main floor. * The Bonus Space: The walk-up lower level is a true standout, featuring a summer kitchen, a full bath, a large recreation room, and two bonus rooms—ideal for an in-law suite, guest quarters, or the ultimate hobby space. * The Backyard Retreat: Your private oasis awaits with an in-ground pool and hot tub, surrounded by plenty of green space for play or gardening. * Unrivaled Storage: Car enthusiasts and DIYers will love the combination of a 2-car attached garage AND a 2-car detached garage. Peace of Mind (Major Updates): Rest easy knowing the mechanicals are modern and efficient: * 2025: Roof replaced due to storm damage and all breaches were repaired, replaced water lines, replaced the furnace exhaust chimney from unit to roof, and new dishwasher. * 2023: Replaced the upstairs furnace drain pan and rebuilt the drain, and replaced the pool pump. * 2021: New range. * 2020: Tankless water heater, upstairs AC, whole-house purifier, and ducted humidifier. * 2019: Downstairs AC and replaced sewer lines. * 2018: New heater. * Plus: High-speed Fiber Optic internet is already run to the yard. Property to be sold strictly AS-IS. Seller will provide no warranties, repairs, or inspections, including occupancy. Buyer to verify all measurements.
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.
