OPEN HOUSE, SUN. DEC. 7, 2pm-4pm! Start 2026 off right in a new home! A brand-new roof can be installed prior to closing, providing the next owner with a fresh start and immediate peace of mind! Inside, this beautifully updated home welcomes you with warm hardwood floors that flow through the main living spaces, creating a sense of charm and comfort from the moment you pass through the door. The kitchen, updated just a few years ago, features granite countertops, stainless-steel appliances, and a bright, functional layout perfect for cooking and gathering. With two full bathrooms, convenience is built right into the design—including a private en suite with a step-in shower that offers modern comfort and accessibility. The rare first-floor laundry adds another layer of ease to daily living. A versatile main-floor room offers flexibility as either a dedicated dining room or a private home office, allowing the space to adapt to your lifestyle. This home is equipped with solar panels, helping reduce utility costs and boosting long-term energy efficiency. Each bedroom provides a peaceful retreat, while the partially finished basement offers abundant storage space, hobby areas, or potential for expansion. Outside, the property includes a detached 2-car garage, perfect for parking, storage, or workshop use. Whether you're enjoying a quiet evening or hosting loved ones, this thoughtfully updated home is ready to support the lifestyle you're looking for. Nearby Amenities include parks, schools, and playgrounds; minutes from shopping and dining along West Broad Street; easy access to downtown Columbus and major highways; and conveniently located near grocery stores and community resources. Make it your next home today!
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.