Step inside this 3-bedroom, 2-bath ranch and feel immediately at home. First-floor living makes everyday life easy, whether it’s preparing a meal in the bright, welcoming kitchen, enjoying a quiet morning coffee, or curling up for movie night in one of the two cozy living spaces. Refinished hardwood floors and fresh paint bring light and warmth to every corner, while the large laundry room keeps daily chores simple and organized. The private bedroom wing offers two bedrooms and a refreshed hall bath, while the second living space connects to a custom wet-room bathroom with a walk-in shower, making it easy for guests, accessibility needs, hobbists, or a home office. The layout flows naturally, offering space for work, play, quiet time, or weekend gatherings, making it perfect for those seeking comfort, functionality, and a move-in-ready home. Step outside to a spacious back deck overlooking a fully fenced yard, perfect for pets, backyard games, summer barbecues, or simply soaking up the morning sun. Imagine watching kids play safely or enjoying a quiet evening under the trees. A detached one-car garage provides off-street parking, secure storage, and extra space for bikes, tools, or hobbies — a rare bonus in this peaceful, tree-lined neighborhood that adds convenience and peace of mind. Nestled near Willow Lawn, the home is just minutes from shops, restaurants, coffee spots, and family-friendly amenities, making errands and weekend outings effortless. Major highways are easily accessible, connecting you to the West End, Downtown Richmond, and Short Pump. With updated kitchens and baths, flexible living spaces, a fenced yard, a garage, and true first-floor living, this home combines practicality with warmth. It’s a place where daily routines feel effortless, mornings can be enjoyed on the deck, evenings can be shared with family or friends, and every corner invites comfort, convenience, and connection — a perfect fit for families, downsizers, or first-time buyers ready to start their next chapter.
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.
