Searching for a SINGLE-LEVEL, FULL-BRICK beauty in highly coveted Harrisburg? Your perfect home has arrived! Sitting on 2.5+ private acres with NO HOA, this fully renovated charmer blends timeless craftsmanship with modern style. Step inside to a warm and inviting living area anchored by a cozy wood-burning fireplace—now fully repaired and professionally serviced after the sellers proactively invested nearly $4,000 to ensure it's ready for the new owner. The home was briefly and willingly taken off the market so this upgrade could be completed, giving you even more peace of mind. The kitchen is a showstopper—offering abundant cabinetry, gleaming quartz countertops, and updated appliances that make cooking a joy. Both full bathrooms have been beautifully refreshed with stylish, contemporary finishes. The home’s single-level layout provides effortless living, and when it's time to relax, the fully fenced and ultra-private backyard becomes your own peaceful retreat—perfect for morning coffee, evenings under the stars, or catching a glimpse of deer wandering by. Car lovers and hobbyists will appreciate the attached carport plus a second detached carport with an extra-tall roof for oversized vehicles or storage. And with a recent appraisal coming in at $20,000 ABOVE the asking price, you can move forward with confidence. This thoughtfully updated home has been meticulously prepared for its next chapter—don’t miss your chance to make it yours!
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.
