Beautifully renovated split foyer situated on a private 1.29-acre lot with NO HOA, offering the flexibility and freedom to bring your RVs, boats, trailers, heavy equipment, and more. With parking for six or more vehicles and a thoughtfully designed layout ideal for multi-generational living, home business needs, or accessibility accommodations, this property delivers a rare combination of functionality, comfort, and privacy. The lower level has been modified for handicap accessibility with a wheelchair ramp, wide doorways, and grab bars, creating an ideal setup for extended family or aging in place. The main level features a spacious open-concept design with hardwood flooring throughout the living room, dining area, kitchen, hallway, and foyer. The beautifully renovated island kitchen is the centerpiece of the home, offering granite countertops, stainless steel appliances, designer tile backsplash, recessed lighting, pendant lights, and breakfast bar seating. The adjoining dining and living areas create an open and inviting atmosphere enhanced by crown molding and abundant natural light. French doors off the dining area provide access for a potential future deck, screened shed, or garage addition. The owner’s suite offers a relaxing retreat with ceiling fan, large walk-in closet, and fully renovated private bath. Two additional bedrooms are generously sized, and the hall bath has also been completely renovated. The finished lower level provides exceptional flexibility with a large recreation room featuring recessed lighting and carpeting, a convenient home office with two windows for natural light, a renovated full bath with step-in tiled shower, and an additional oversized room ideal for a gym, guest room, or potential 4th bedroom. A second kitchen with granite countertops, cabinetry, tile flooring, refrigerator, and freezer creates excellent in-law or entertaining potential. Additional highlights include a laundry room with full-size washer and dryer, under-stair storage, updated high-efficiency double-pane thermal windows throughout, decorative front entry door, oak staircase with metal railings, recently replaced well pump, and freshly serviced septic system. Peacefully set on a large private lot while still convenient to shopping, dining, commuter routes, and local amenities, this move-in ready property offers space, flexibility, accessibility, and freedom rarely found in today’s market.
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.
