Move in ready home with 5 bedrooms, 3 full baths and a finished basement in sought-after Carriage Trails location! Buyers will appreciate that this home is allergy-friendly because it has no carpeting! Only luxury wood-look flooring that is scratch and water resistant. On the main floor when you come inside, there is a flex room off the entry that would make a great office or play room. There is also a half bath conveniently located off the entry hall. Beautiful kitchen with white cabinetry and grey quartz countertops, an island with overhang for barstool seating and all appliances stay! The kitchen opens to the perfect spot for a dining table and the family room with built in electric fireplace. Sliding doors from the kitchen open to the large concrete back patio with an area for gathering around a fire pit. Flat yard with vinyl maintenance-free fence already in place! Plus, the swing set stays as does a shed/storage unit on the side. Upstairs there are 4 bedrooms: Three guest bedrooms with a full bathroom to share and the primary suite with private ensuite bathroom and two walk in closets! The laundry room is conveniently located on the second floor, so no more hauling baskets up & down sets of stairs! The homeowners recently finished the basement so there is now a legal fifth bedroom with egress window & closet as well as a full bathroom with walk in shower in the lower level, an ideal setup for guests! There is a media/rec room in the basement that buyers will love and there is still plenty of unfinished storage space remaining. Two car attached garage with multiple overhead storage racks and extra concrete on the sides of the driveway allows for more parking. Great location with a playground within short walking distance! Quick access to freeways, shopping, dining, the amazing YMCA or Wright Patt! Radon mitigation system already in place. There's nothing to do but move in and unpack. Schedule your private showing today! More info in MLS attachments!
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.
