Some homes make it easy to say yes, and this brick front beauty is one of them! With no HOA, 5 bedrooms, 3.5 bathrooms, a 2 car garage, generous living spaces, a rear deck, and move in ready condition, this home gives you the space, flexibility, and comfort you’ve been waiting for. A classic brick front exterior sets the tone before you even step inside. The spacious foyer opens to bright living and dining areas with a view of the second story, creating an impressive first impression and a sense of openness as soon as you enter. The main level is designed for the way you actually live, with multiple areas to gather, dine, unwind, entertain, and enjoy quiet moments at home. The family room features a fireplace, creating a comfortable place to settle in at the end of the day. The kitchen offers the storage and workspace you need, with ample cabinet and counter space plus a spacious pantry. Just off the kitchen, the breakfast nook opens to a large rear deck, giving you an easy extension of your living space for morning coffee, grilling, outdoor dining, or hosting family and friends. The lot backs to mature trees, creating a peaceful backdrop with added shade and a sense of privacy. Upstairs, well sized bedrooms and generous closet space provide comfort, separation, and room to unwind. The finished basement adds even more versatility with an additional bedroom, full bathroom, flexible living space, and a convenient kitchenette featuring a cooktop, sink, and space for a refrigerator. Whether you need a guest suite, home office, recreation room, fitness area, media space, or extra room to spread out, the lower level gives you options that can adapt to your lifestyle. Thoughtful updates add even more value, including heating and air conditioning that are approximately 2 years young, plus a hot water tank and shingle roof that are approximately 3 years young. With no HOA, you have more freedom and fewer monthly restrictions. The location keeps you close to commuter routes, shopping, dining, parks, and daily conveniences while still offering the comfort and benefit of an established community. Spacious, move in ready, and full of flexibility, this 5 bedroom, 3.5 bath brick front home with a 2 car garage, rear deck, finished basement, kitchenette, tree backed lot, and no HOA makes your next move feel easy.
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.
