Space, versatility, and endless opportunities to entertain await in this spacious 4-bedroom, 2.5-bath home in Plain Local Schools! From the moment you step inside, you'll appreciate the thoughtful layout designed for both everyday living and hosting family and friends. The heart of the home is the oversized eat-in kitchen, featuring abundant countertop space, a center island, and plenty of room for gathering. Just beyond, the expansive game room is ready for game nights and celebrations, complete with a bar and pool table that stay with the home. A stunning 15x14 vaulted sunroom offers the perfect place to enjoy your morning coffee, unwind with a good book, or take in views of the backyard year-round. Step outside to the impressive two-tier deck, offering multiple spaces for grilling, dining, and relaxing. Despite its convenient location, the backyard provides a surprisingly peaceful setting that's perfect for enjoying the outdoors. A spacious breezeway connects the home to the attached two-car garage and provides incredible flexibility with extra storage, direct deck access, and double doors opening to the driveway—making it ideal for hobbies, outdoor gear, or everyday convenience. The main floor also includes a flexible fourth bedroom that would make an excellent home office, playroom, or guest space, along with a convenient half bath. Upstairs, you'll find three generously sized bedrooms, including a primary suite with its own private bath. Both full bathrooms offer exceptional storage, and the main bath features a beautiful floor-to-ceiling tiled shower surround for a polished, updated look. The lower level adds even more living space with a large recreation room, laundry area, and plenty of storage. Whether you're hosting holidays, summer cookouts, game nights, or simply enjoying the spacious layout, this home offers room for everyone to gather, spread out, and make lasting memories.
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.
