One or more photo(s) has been virtually staged. Charming farmhouse-style home on a corner lot with a metal roof, inviting front porch, and a spacious backyard complete with a greenhouse, large matching shed, and mature trees--perfectly located just steps from Crystal River High School. This 3-bedroom, 2-bath home offers a flexible layout, unique character, and a one-car garage with workshop for added functionality. From the moment you arrive, the home's red exterior, stone accent wall, and covered front porch create a welcoming first impression, offering the perfect spot for a table and chairs to enjoy the outdoors. A glass-paneled front storm door allows you to let in natural light while keeping the interior cool and comfortable. Inside, the living room features plush, well-maintained carpeting, a built-in bookcase, and a large front-facing window that brings in natural light. A high wall cutout near the ceiling connects visually to the kitchen, adding architectural interest while maintaining privacy between spaces. The dining area sits just beyond and features sliding glass doors that open to the rear patio, creating an easy indoor-outdoor flow. The kitchen offers decorative linoleum flooring, a mix of white upper cabinetry and coordinating lower cabinets, and a double sink positioned beneath a window overlooking the backyard. A combination of stone and tile backsplash adds texture and charm to the space. Just off the dining area, a large flex room provides so many options-currently used as an office, it features wood-paneled walls, multiple windows, matching carpet, and even a second refrigerator that conveys. The primary suite includes terrazzo flooring, multiple windows, a walk-in closet, and an ensuite bathroom with a step-in shower and single vanity. Two additional bedrooms also feature terrazzo floors, built-in closets, and natural light, while the guest bathroom showcases vintage charm with retro pink tile, a coordinating sink, a tub/shower combo with sliding glass doors, and a unique folding mirror. Additional highlights include an interior laundry room with the water heater and electrical panel, a security system, and a one-car garage equipped with built-in shelving and a dedicated workshop area. Step outside to enjoy the backyard, where you'll find a patio for relaxing or entertaining, a greenhouse for gardening enthusiasts, and a large storage shed that matches the home. A chain-link fence lines the rear of the property, and the corner lot provides added space and privacy. With its character, functionality, and unbeatable location just across the street to Crystal River High School, this home offers both convenience and charm.
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.
