Welcome to this impeccably maintained ranch-style home offering over 1,900 square feet of finished living space, exceptional updates, an incredible detached garage, and the rare opportunity to own an adjoining separately deeded corner lot—all in one package. Nestled near the end of the street, this beautifully maintained property offers a peaceful setting while remaining conveniently located near shopping, dining, and major commuter routes. The main level features approximately 1,200 square feet with two generously sized bedrooms, including an oversized primary bedroom with a large walk-in closet. The beautifully updated full bathroom includes a spacious walk-in shower with a built-in seat. The kitchen was tastefully renovated in 2019 with soft-close cabinetry, granite countertops, and stainless steel appliances, creating a space that is both functional and inviting. Luxury vinyl plank flooring installed in 2020 adds warmth, durability, and a modern touch throughout much of the main level. The finished lower level adds approximately 700 square feet of additional living space and is ideal for entertaining, relaxing, or everyday living. It features a spacious family room complete with a bar, a convenient half bath with the potential for future expansion to a full bath, and a large utility room offering a washer, dryer, utility sink, sump pump, and abundant storage space. Outdoor living is just as impressive. Enjoy the private patio with a hot tub that conveys with the property, while a rear ramp provides convenient access from the oversized driveway to the main level entrance. The extra-wide driveway accommodates multiple vehicles with ease. Car enthusiasts, hobbyists, RV owners, and anyone needing exceptional workspace will appreciate the impressive 27' x 27' detached garage featuring electric service, an upper loft for additional storage, a 30-amp RV hookup, and a propane heater that is currently not connected. The detached shed is also wired with electricity, providing even more flexibility for storage, hobbies, or workshop space. This home has been meticulously maintained with numerous major updates, including: • HVAC replaced in 2019 • Kitchen renovation with soft-close cabinetry, granite countertops, and stainless steel appliances (2019) • Bay window and primary bedroom windows replaced (2019) • Luxury vinyl plank flooring installed (2020) • New roofs on the house, detached garage, and shed (2021) • Sump pump replaced (2021) • Water heater replaced (2022) One of the most unique features of this property is that it is being sold together with the adjoining separately deeded corner lot. Public water and sewer are available at the street, providing exceptional flexibility for future plans, additional outdoor space, or long-term investment potential. Opportunities like this are becoming increasingly difficult to find. Move-in ready and meticulously cared for, this exceptional property combines quality craftsmanship, thoughtful updates, abundant indoor and outdoor living space, outstanding garage and storage options, and the added value of an adjoining parcel—all in one remarkable offering.
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.
