This beautifully maintained 4 bedroom, 2.5 bath home offers the perfect blend of comfort, functionality, & thoughtful updates including brand new carpeting and professional paint throughout in a highly desirable family-friendly setting! Situated on an oversized lot and located on the only cul-de-sac in the neighborhood directly across from the community playground, this home offers both privacy and convenience. The covered front porch, craftsman-inspired exterior details, and attractive rock landscaping create a warm and welcoming first impression! Step inside to an inviting open-concept layout designed for everyday living and entertaining. The spacious Great Room flows seamlessly into the dining area and kitchen, where a large breakfast bar creates the perfect gathering space. The kitchen features updated lighting, a motion-sensor faucet, and easy access to the outdoor living area. The recent updates will allow the buyer to move in worry free to what feels like a brand new home! The main level office provides flexible space for working from home, hobbies, or a playroom. Upstairs, the expansive loft offers additional living space ideal for a media room, playroom, or second family area. All bedrooms feature ceiling fans, and 3 of the 4 bedrooms include walk-in closets. The spacious primary suite offers both his and hers closets, including a custom-designed upgraded closet system for her. Enjoy relaxing evenings in the private backyard retreat featuring an open patio, Royal Spa hot tub with privacy screens, and a spacious yard perfect for entertaining. Additional features include a 2-car garage, adjustable lighting in the powder room, Ring cameras at the front and back of the home, and a hot water heater just over a year old. Thoughtfully updated and move-in ready, this home is a must see!
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.
