One or more photo(s) has been virtually staged. Gracefully positioned on a corner lot at the beginning of a quiet cul-de-sac within a neighborhood offering one-way-in, one-way-out access, this brick-front residence delivers exceptional privacy, a sense of seclusion, and a peaceful living environment rarely found. A welcoming front porch and upper balcony create timeless curb appeal and an elevated first impression. A thoughtfully designed U-shaped driveway allows effortless access to the front entry or a seamless pull-through into the extra-wide two-car garage, providing outstanding storage and flexibility—with potential to expand or connect to the existing shop/workspace for enhanced functionality. The backyard unfolds into a true private retreat, featuring a saltwater resort-style pool and hot tub, an air-conditioned enclosed porch ideal for year-round enjoyment, and an attached deck perfect for entertaining or unwinding in tranquil surroundings. Enhancing the property even further is a substantial shop/workspace, ideal for a home-based business, creative studio, gym, or professional-grade remote work setup—separate from the main living space for added convenience and versatility. Inside, the generously sized bedrooms offer flexibility for modern living, easily accommodating sleeping arrangements alongside dedicated desk or study areas. A wood-burning fireplace adds warmth and character, creating a cozy focal point for gatherings or relaxed evenings at home. Opportunities that combine corner-lot privacy, controlled neighborhood access, lifestyle amenities, and adaptable spaces are rarely available. Schedule your private showing to experience what makes this home truly exceptional.
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.
