Welcome home to this charming Craftsman-style beauty built in 2018 and nestled in the sought-after Rush Brook neighborhood. Thoughtfully designed and full of personality, this 3-bedroom, 2-bath home blends timeless style with modern comfort. Inside, you’ll find wood-look tile flooring throughout the main living spaces and brand-new carpet in the primary bedroom and front bedroom, complemented by fresh paint throughout the home. The layout is both functional and inviting, with the primary suite privately located just off the dining area. This true en suite retreat features a sliding barn door, dual sinks, a large walk-in shower, a freestanding soaking tub, and a spacious walk-in closet. The additional two bedrooms and full bath are positioned off the entryway, offering privacy for guests or family members. The open-concept living, dining, and kitchen area is filled with natural light and anchored by a cozy corner gas fireplace. An accent paneled wall in the dining area adds warmth and character, while the coffee/wine bar with a brick accent wall creates the perfect space to entertain or unwind. The kitchen is both stylish and practical, featuring granite countertops, a butcher block island, a walk-in pantry with a charming chalkboard door, and smart pop-up outlets for added convenience. Additional highlights include smart home features like a Ring doorbell and garage camera, a new garage door opener, and a new hot water tank. Enjoy outdoor living with both a covered front porch and a covered back patio, plus a two-car garage. This home truly stands out with its charm, thoughtful details, and welcoming feel—one you have to experience in person to fully appreciate
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.
