Welcome home to this beautifully renovated 3-bedroom, 1.5-bath property that perfectly blends modern design with everyday functionality. From the moment you step inside, you’ll appreciate the thoughtful upgrades and quality finishes throughout. The heart of the home is the brand-new chef’s kitchen, featuring high-end LG appliances, crisp white shaker cabinetry, quartz countertops and full quartz backsplash, and a coveted workstation sink designed for both entertaining and daily ease. The adjacent dining area offers custom built-in cabinetry and a butcher block buffet, providing exceptional storage and style. The living room is warm and inviting with a sleek electric fireplace, surrounded by custom built-ins and floating shelves, creating a perfect focal point for relaxing or hosting guests. A functional mudroom includes front-load LG washer and dryer, built-in cabinetry, and space designed to keep life organized. The home has been fully refreshed with new drywall, insulation, and energy-efficient windows, complemented by craftsman-style molding that adds timeless character. Throughout the main living areas, you’ll find newly installed oak-look luxury vinyl plank flooring, while the bedrooms feature new neutral carpeting for comfort and versatility. Step outside to your own backyard oasis, complete with a 40’ x 20’ concrete patio, custom pergola for summer entertaining, and a fire pit perfect for cozy fall evenings. A storage shed provides ample space for gardening tools and lawn equipment. This move-in-ready home offers the rare combination of extensive renovations, smart storage, and inviting indoor-outdoor living — all ready for its next owner to enjoy.
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.
