Welcome home to this beautifully updated 3-bedroom, 2.5-bath two-story in desirable Franklin Township! Perfectly positioned with a peaceful pond directly behind the home and no neighbors on one side, this property offers the privacy and views you've been looking for-while still being conveniently close to schools, shopping, and everyday amenities. Step inside to find luxury vinyl plank flooring throughout the entire main level-no carpet downstairs-creating a clean, modern look that's both stylish and easy to maintain. The spacious kitchen features updated appliances and a charming breakfast nook with incredible views of the pond and fully fenced backyard. Imagine sipping your morning coffee while watching the kids play or enjoying sun rises over the water. Upstairs, the oversized loft provides flexible living space perfect for a second family room, play area, media room, or home gym. A dedicated office on the main level makes working from home comfortable and convenient. The primary suite is a true retreat with vaulted ceilings, a large walk-in closet, and an en-suite bath featuring a double vanity. Two additional bedrooms and a full bath complete the upper level. Major updates in the last five years include new flooring, garage door, HVAC system and A/C, appliances, fresh paint, and updated light fixtures-giving you peace of mind and modern finishes throughout. Outside, enjoy the fully fenced yard, additional storage shed, and serene pond views with no backyard neighbors. This home blends comfort, privacy, and location-making it a rare opportunity in Franklin Township. Schedule your showing 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.
