Start off your spring the right way in this one-owner, beautiful home. The layout of this home is family-ready, with 4 bedrooms, 2 1/2 baths, a fire pit, a private stocked fishing pond, a heated 12-ft-deep, 18 x 36 inground pool (2019), a 13 x 9 pool house, a solar cover, and all the necessary equipment. Sit back on your covered patio while someone else does the grilling. This open-concept home is airy and has an abundant natural light. Flooring in the living room, dining room, and kitchen is beautiful LVP. All appliances stay, including the electric washer and dryer in the upstairs laundry room. The eat-in kitchen boasts an island with the kitchen sink and a breakfast bar. There is plenty of storage, plus a pantry and adjoining formal dining room. Sliding doors lead to the patio and pool area. The 2-car attached garage service door opens into the home, featuring a much-needed "mud" room with a 1/2 bath nearby. Right at the top of the stairs is a large carpeted landing used as an office. The large primary bedroom ensuite has a fully tiled shower, double sinks, a linen closet, and a spacious WIC. One of the other 3 bedrooms also has a WIC, and the other 2 have double closets. All the upstairs fixtures have been replaced with contemporary satin black fixtures, which have made a dramatic change. The HOA, at $140.00 per month, covers snow removal for alleys, driveways, and private walks. Mowing and trimming of all homes. 1-2 applications of fertilizer per year. And the best is the common-area maintenance, which includes the stocked fishin' hole for all community members!!!! I expect this home to remain on the market for only a few days, so all offers must be submitted by 6 pm Monday, April 6th. Seller reserves the right to choose the highest and best at any time prior to 6 pm on 4/6/2026.
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.
