Step into timeless charm and exceptional craftsmanship with this pristine 2-story home featuring 3 bedrooms, 2 full baths, and character at every turn. From the moment you enter, you'll appreciate the beautiful original woodwork, refinished hardwood floors throughout, soaring 9-foot ceilings, and the warmth of a bygone era blended with modern updates. The spacious living room, family room, and dining room showcase lovely built-in cabinetry, while a stunning decorative fireplace with an ornate mantel serves as a focal point. Elegant glass French doors separate the living and dining rooms, adding both charm and functionality. The updated kitchen is designed for both everyday living and entertaining, featuring butcher block countertops, a large center island for meal preparation and gatherings, and appliances that are approximately 3–4 years old. A wide, inviting staircase leads to the second floor, where the staircase splits to create a unique floor plan. Upstairs you'll find three bedrooms, a bonus room perfect for an office, hobby room, or playroom, and a full bath complete with a classic soaking tub that enhances the home's historic appeal. Major updates include replacement windows in 2015 and a roof installed in 2009. Outdoor enthusiasts and gardeners will fall in love with the backyard oasis. Relax on the deck overlooking a beautiful koi pond surrounded by colorful flowers, rock landscaping, raised garden beds with an irrigation system, and a greenhouse ready for year-round growing. A barn with convenient alley access provides additional storage, workshop space, or endless possibilities. This one-of-a-kind property offers historic elegance, thoughtful updates, and an incredible outdoor setting. Property is being sold as-is. Seller will remove pond and raised beds if buyer requests!
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.
