This is the kind of place you don't come across often--a 1 bedroom, 1 bathroom home that feels anything but basic. If you've been searching for something with personality, character, and thoughtful updates already done, this one stands out right away. Inside, the first thing you notice is the height of the ceilings and how open everything feels. It gives the home a light, airy vibe that's hard to find in smaller spaces. The style leans a little modern, a little rustic, with details that make it feel truly one-of-a-kind--like the live edge countertops that add warmth and texture you just don't see in most homes. The kitchen is surprisingly spacious for a one-bedroom home, with plenty of room to cook, spread out, and actually enjoy being in the space. Whether you're someone who loves to cook or just wants a kitchen that doesn't feel cramped, this setup makes everyday living easy. There's also a small loft area that adds flexibility--perfect for a reading nook, guest space, or a creative corner. It's one of those features that makes the home feel more dynamic and usable. The bedroom and bathroom have both been updated in recent years, so you're not walking into a long to-do list. Everything feels clean, comfortable, and ready to enjoy from day one. Outside, the yard gives you just enough space to relax, garden, or let pets roam without feeling like a big maintenance project. And the metal roof adds both durability and a bit of that modern farmhouse edge. This home is a great fit if you've been searching for something move-in ready, a little different from the usual, and easy to maintain--whether that's your first home, a downsizing move, or even a weekend retreat. Professional photos coming soon!
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.