Welcome to this beautifully maintained two-story, 3-bedroom, 2.5-bath home that perfectly blends classic comfort with an incredible outdoor entertainment oasis. Offering excellent curb appeal and strong energy efficiency, this property is designed for both relaxed daily living and memorable gatherings. The exterior showcases a striking red-brick faade complemented by a spacious covered front porch, ideal for outdoor relaxation. A neatly maintained, stone-bordered raised garden bed frames the front lawn and enhances the welcoming walkway to the entrance. The home also features a solar panel system for improved energy efficiency and long-term savings. A two-car attached garage and a wide concrete driveway provide ample off-street parking. Upon entering, the formal living room flows seamlessly into the formal dining room, creating an ideal layout for entertaining. The centrally located kitchen features a walk-in pantry and a breakfast nook with direct access to the backyard. It opens to a comfortable family room complete with a cozy corner fireplace. The main level also includes a dedicated laundry room, an under-stair storage closet, and direct interior access to the two-car garage. Upstairs, a spacious and flexible loft provides additional living space suitable for a media room, office, or play area. The expansive primary suite serves as a private retreat with an ensuite bathroom featuring a dual vanity, garden tub, and separate walk-in shower, along with a large walk-in closet. Two secondary bedrooms each offer their own closets and share a full bathroom. The backyard is a true resort-style escape, designed for multi-level outdoor living. A circular above-ground pool is seamlessly integrated into a custom wrap-around wooden deck, creating a built-in luxury feel. A large cantilever shade sail provides comfort during peak sun hours, while a freestanding pergola with privacy curtains and string lighting sits over a stamped-concrete patio, perfect for outdoor dining. The yard is thoughtfully divided into multiple zones, including an elevated lounge deck and a lower patio area ideal for a fire pit. Solar and privacy screens enhance indoor comfort, and a full wood privacy fence encloses the yard for added seclusion. This home combines everyday functionality with a vacation-inspired backyard lifestyle.
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.
