Step into this beautifully maintained 3 bedroom, 2.5 bath home, where soaring vaulted ceilings, exposed wooden beams, and a floor-to-ceiling stone fireplace meet a level of care evident in every room. The entry opens to a bright, airy living space that feels incredibly fresh and well-preserved, highlighting the home’s open feel and architectural charm. The main level is thoughtfully arranged and kept in pristine condition, offering a warm family room with polished hardwood floors. The kitchen has been refreshed with new vinyl flooring and updated appliances, maintaining an immaculate look that flows seamlessly into a welcoming dining area! Upstairs, the primary suite and guest bedrooms have been meticulously cared for, featuring new vinyl flooring that blends modern style with a sense of preservation. The primary retreat is further enhanced by two large closets providing ample storage space. The main bathroom has been updated with a walk-in shower and added cabinetry, while upgraded electrical outlets and switches throughout the home ensure everything remains in top working order. Downstairs, the converted garage space provides a flexible living area that is as tidy as the rest of the home, perfect for a media room or office, complete with a finished bathroom for added functionality. Out back, a spacious and beautifully designed deck overlooks a serene, well-kept yard, providing a peaceful outdoor retreat. Given its convenient location and excellent condition, this property has been meticulously preserved and is perfectly prepared for its next chapter. A few updates to highlight: the AC and thermostat were replaced in 2021. All gutters are fitted with mesh covers and include downspouts that direct water away from the home. The back deck was fully rebuilt in 2022. The microwave and range were updated in 2025. One side of the garage has been fully finished to create a flexible living space and includes a half bathroom. All outlets and switches were replaced in 2022. The home also features fresh paint, and most windows have been upgraded. Qualified buyers can purchase this home with NO MONEY DOWN when using Preferred Lender!
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.
