Imagine coming home to peace, space, and privacy--all on a quiet street just steps from a nearby park. Set on an expansive 1/2 acre lot, this property offers a rare opportunity to enjoy wide-open outdoor living while still being close to everyday amenities--yet feeling a world away. Inside, the home feels warm and welcoming, with a layout designed for everyday living and gathering. The spacious chef's kitchen flows into the family room, creating the perfect hub for entertaining friends or enjoying time with family. Character-filled details and flexible living spaces offer room for a home office, nursery, or quiet retreat. Thoughtful updates--including refreshed finishes and a beautifully renovated bathroom--add modern comfort while maintaining the home's timeless charm. The true high of this home is the incredible outdoor space. Mature trees create natural shade and privacy, while the large lot gives you room to relax, entertain, garden, or simply enjoy the quiet surroundings. Unwind in the private hot tub under the stars, or take advantage of the detached shed, perfect for a home office, creative studio, workshop, or extra storage. With fully owned solar panels helping keep energy costs low, plus fresh interior and exterior updates underway, the home combines efficiency with comfort. Homes with this much land, outdoor lifestyle, and park-side setting on a quiet street are incredibly rare! Here, you can truly spread out, enjoy the outdoors, and create the lifestyle you've been looking forAdditional highlights include an enclosed laundry room for convenient indoor functionality, along with an above-ground waterproof storage shed that provides excellent outdoor storage for tools, equipment, and seasonal items. The property also features RV parking with potential rental income of up to approximately $300 per month, offering a great opportunity for extra income or space for your own RV, trailer, or toys. The home is also equipped with solar, which has allowed the current owner to maintain a $0 electric bill, helping keep energy costs extremely low even during the summer months.
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.
