If walls could talk, this charming all-brick home in Lebanon would have decades of stories to tell—and it's ready for the next chapter with you. Built in 1940 and thoughtfully updated over the years, this 4-bedroom, 2.5-bath home offers the perfect blend of timeless character and modern convenience. From the moment you step inside, you'll notice the warmth and personality that newer homes often struggle to replicate. Original charm, generous living spaces, and thoughtful updates create a home that feels both welcoming and functional. The main level features three bedrooms, two full bathrooms, a comfortable living room, an updated kitchen with stainless appliances, a walk in pantry and a nice peninsula. There is also a spacious family room complete with a pellet wood fireplace—perfect for movie nights, game days, or simply relaxing after a long day. Upstairs, you'll find a versatile space currently serving as the fourth bedroom and office with its own half bath, but it could just as easily become a home office, media room, playroom, craft space, or private retreat. There's even a "secret" hideaway for kids to play or for storing those odds and ends. Big-ticket updates have already been taken care of, including new windows, doors and roof, giving you peace of mind for years to come. Need room for hobbies, projects, or all the extra things life brings? The basement offers incredible flexibility and is currently set up as a gym, music room, kids' hangout space, and storage area. Whether you're a musician, fitness enthusiast, collector, or simply someone who appreciates extra room to spread out, you'll love having this additional space. Outside, the fully fenced backyard provides plenty of room for pets, play, gardening, or entertaining. The two-car carport includes a large enclosed storage area and could easily be converted into a garage if desired. With approximately 3,400 square feet of living space, classic historic curb appeal, modern updates, and room for everyone and everything, this is the kind of home that doesn't come along every day. Come see for yourself why homes with this much character are so hard to find—and so easy to love.
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.
