This is the kind of home that just works-plenty of space, a layout that makes sense, and a peaceful pond view that's hard to come by. With 4 bedrooms, 2 full baths, 1 half bath, and 2,841 square feet, there's room here for everyday living, entertaining, and everything in between. Energy-efficient solar panels add long-term value and help keep utility costs in check, making this home as practical as it is comfortable. On the main level, you'll find a formal living room and dining room are perfect for holidays or hosting, while the great room offers a more relaxed spot to unwind. The kitchen opens to a bright breakfast nook where you can start your day overlooking the backyard and water. Upstairs, offers four bedrooms along with the laundry (because that just makes life easier). The primary suite stands out with its vaulted ceiling, walk-in closet, and a private bath with a deluxe whirlpool tub that's perfect at the end of a long day. The finished basement adds even more flexibility. Whether you need a second living area, a workout space, a playroom, or a home office, you've got the room to make it your own! Outside the concrete patio is ready for summer nights-grilling, entertaining, or just sitting and enjoying the quiet pond view. If you've been looking for a home that gives you space without sacrificing comfort-or a setting that feels a little more peaceful-this one is worth seeing in person!
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.
