Welcome to 5407 Percival Lane, an impeccably maintained 3-bedroom, 2-bathroom home located in the highly sought-after Whitehall neighborhood and zoned for award-winning Dorchester District 2 schools.This home has been thoughtfully updated in 2025 to provide peace of mind and a fresh, modern feel. Notable improvements include new roof shingles, granite kitchen countertops with a new sink and faucet, freshly painted bedrooms, new carpet in the sunroom, and refreshed landscaping that enhances curb appeal.Step inside to a welcoming living space highlighted by soaring ceilings, beautiful bamboo flooring, and a charming wood-burning fireplace. The well-designed floor plan flows to a deluxe owner's suite featuring dual closets and an ensuite bathroom with a separate shower andgarden tub. Two additional bedrooms and a full bath provide plenty of space for family or guests. The thoughtfully appointed kitchen includes updated appliances (2017), new granite countertops, slide-out organizers, and a mounted TVmaking both everyday living and entertaining a delight. Adjacent, the dining area offers an inviting space to gather. At the rear of the home, a climate-controlled sunroom with brand-new carpet provides a serene retreat overlooking the lush, private backyard. With mature trees and a peaceful nature reserve view, you'll enjoy tranquility right at home. Conveniently located just off Dorchester Rd, this residence offers easy access to shopping, dining, and local conveniences. The home is also walking distance to Accent on Wine, Urban Nirvana Spa, Smashley's Burger Bar, and the soon to be opened Starbucks Coffee located at the entrance to the Neighborhood. Whitehall also provides optional amenities such as a pool, tennis courts, and outdoor recreation areasperfect for active lifestyles. This property blends comfort, thoughtful updates, and prime location, making it a rare opportunity in today's market. Schedule your showing at 5407 Percival Lane today to experience all it has to offer!
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.
