Welcome home to 6120 Smokey Ridge Drive - a beautifully maintained property that delivers the space you want, the storage you need, and the lifestyle you've been waiting for. From the moment you step inside, you'll feel the difference: open layout designed for everyday comfort and effortless entertaining. Upstairs, enjoy the convenience of second-floor laundry, loft space-perfect for a home office, playroom, or cozy movie lounge. The finished basement expands your living space even further, offering a massive area ideal for game nights, celebrations, or simply relaxing with family and friends-this is where memories are made. Step outside and fall in love with the large backyard retreat, featuring an above-ground pool that turns summer into a staycation right at home-ideal for weekend gatherings, family fun, and unforgettable memories. Located minutes from Plainfield's popular dining, shopping, and local entertainment. Enjoy nights out in Downtown Plainfield and nearby favorites like Moe Joe's Cajun & Caribbean, Station One Smokehouse, plus easy access to Cooper's Hawk Winery for date nights and celebrations. Offered As-Is. Well-maintained home with solid features and room to make it your own. This is the one that checks the boxes - space, yard, and lifestyle. Schedule your private showing today and experience why 6120 Smokey Ridge Drive is the home you'll want to claim before someone else does.
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.
