Discover an exceptional lifestyle opportunity in this charming tri-level residence, perfectly situated to offer comfort and convenience. This delightful home boasts four generous sized bedrooms and two full and a two half updated bathrooms, providing ample space for relaxation and daily living. The well-appointed kitchen features a full stainless steel appliance package, granite countertops with freshly refinished cabinets, and butcher block bar height seating, ensuring a seamless culinary experience. A full oversized pantry in the garage entryway offers additional storage. Updated flooring flows throughout the main level, complemented by refinished hardwoods on the upper level, and fresh paint throughout the house enhances its welcoming ambiance. Enjoy the warmth of a wood burning fireplace stove insert. The home also features brand new front and side entry doors and dual pane vinyl windows for enhanced efficiency. Outside, a new concrete patio with built in fire pit, and a fenced yard create an ideal setting for outdoor entertaining or peaceful enjoyment. A convenient storage shed offers additional utility, and the fresh landscaping adds to the curb appeal. The freshly refinished playset in the backyard is a wonderful addition. The property includes a three-dimensional roof and a two-car garage. The basement offers a full wet bar with bar seating, a half bathroom, and abundant recreation space. Nestled on a generous 0.47-acre lot, this property provides a serene retreat with plenty of room for various activities. Conveniently located to all the best that both Centerville and Kettering have to offer, as well as major highways, this home promises a fulfilling living experience. Experience the perfect blend of indoor comfort and outdoor allure in a location that truly has it all.
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.
