Lovely Colonial in the sought-after Bay Country community, offering space, updates, and a peaceful setting surrounded by nature. Set back on just over an acre with a long private driveway, this home delivers both privacy and functionality. The upper level features a spacious primary suite complete with a walk-in closet, oversized vanity with ample counter space, and an ensuite bath. Three additional generously sized bedrooms, a full hall bathroom, and a linen closet complete the second floor. On the main level, you’ll find a thoughtfully designed layout ideal for everyday living and entertaining. The inviting family room showcases built-in shelving and cabinetry, a dedicated space for TV mounting, and updated flooring. A versatile bonus room—perfect for a home office or flex space—adds to the home’s functionality. The kitchen offers a large pantry and flows seamlessly into the dining area, where sliding glass doors lead to the outdoor patio—perfect for gatherings and enjoying the peaceful setting. A convenient half bath and a laundry/mud room with direct access to the two-car garage complete the main level. The exterior features a brick paver patio, a large shed for additional storage, and expansive yard space with endless possibilities. Recent updates include: New Carpet being installed right now, HVAC (2016); windows, gutters, siding, and sliding glass door (2018); garage doors, shed roof, flooring in foyer, half bath, and family room, garage entry door, ceiling fans with lights in all four bedrooms, and custom built-ins (2019); updated half bath (2020); updated primary bath, oven, and dishwasher (2021). The roof has been replaced within the last five years. Bonus opportunity: Architectural plans approved by the health department for a 22x60 addition/in-law suite and an 18x34 garage are available. The property has also been perked for a new septic system by previous owners. Bay Country is known for its picturesque, tree-lined streets that create a natural canopy—perfect for morning walks, evening bike rides, and enjoying the beauty of the outdoors right in your own neighborhood. If you’ve been looking for space, updates, and a setting that feels like home the moment you arrive, this is the one. Schedule your private tour today!
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.
