The best established neighborhood in Dahloinega City limits! VACANT AND MOVE IN READY! Sought after 3-sided brick home with room to expand! Rocking chair front porch and an expansive covered patio stretches the entire length of the rear of the home. Solid wood cabinetry in the kitchen and family room offer storage with style! Entire home is freshly painted a lovely creamy-neutral and is move in ready! A 3 year old roof gives peace of mind to the new Owner/s Main floor mini-Primary bedroom with dual vanity and walk-in shower makes for a lovely guest room or expansive office for remote work. Over-sized side entry garage accesses the home via a combination mudroom/laundry space with closet and half bath. Solid oak wood floors through out the main level give continuity and lasting charm. New windows through-out for energy savings and a bright interior! The family room and kitchen space is made for gathering in the heart of the home with French doors overlooking the wooded and PRIVATE rear side of the lot. Open and bright, this home is simply waiting for it's next occupants to make it their own. Four additional rooms share the upper level space, accessible via the open staircase with sold wood treads.New upstairs AC. The Owners suite has vaulted ceilings and an ensuite bath meant for a pampering experience. A private water closet, separate vanities, walk-in tiled shower and a whirl-pool soaking tub put the exclamation point on this space! Two generously sized auxiliary bedrooms share a bath with dual vanities and shower/tub combo. Down the hall is a HUGE bonus room perfect for hobbies, office space, movie theater, a bunk room or an additional private bedroom. This space features it's own bath with a walk in shower for convenience. A tankless water heater provides endless hot water on demand. The lower level is an unfinished daylight basement which is stubbed for a full sized bath with shower and a wet bar area. This level is ready for your vision to come to life! A 4 sides concrete storm shelter (or wine grotto!) and a rear yard/garden garage door make for thoughtful details without the custom built home price that usually accompanies these conveniences! With its beautiful .88 acre lot size, a paradise-like spa and pool scape, play yard &/or cutting garden is but a season away! No need to choose between the added amenity you can add as there is room for everything!!! Loads of extra parking and a side access driveway to back yard/lot. Available now!!!!
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.
