Your next chapter begins in a four-sided brick ranch with a level fenced backyard with a freshly painted storage building. Preferred lender offering a 1% interest rate buy-down for Buyer's first year. NEW architectural shingle ROOF 2025. Maintained and replaced some soffits and fascia 2025, NEW Rheem hot water heater 2026, New WiFi compatible garage door opener with new wall button, remote and safety sensors 2026, New Sputnik chandelier in dining area with new dimmable warm white vintage bulbs, New wide plank luxury vinyl flooring, New carpet in all bedrooms 2026, New 3/4 hp garbage disposal 2026, and so many more details make this home well-loved. Owners suite is larger with a tray ceiling and overlooks the backyard. Unwind after a long day in the en suite primary bathroom with large soaking tub and separate shower. White vanity with upgraded stainless pulls. Double sinks. Water closet for privacy. Separate stand-up shower with ledges. TWO separate walk-in closets inside the bathroom retreat to dress without waking anyone else in the bedroom. Moen chrome faucets and matching Moen tub filler for soaking tub. Moen shower handle with upgraded Waterpik showerhead and upgraded new extended shower arm. Secondary bathroom has new shower curtain rod and new white waffle weave shower curtain. Moen chrome faucet in secondary bathroom with white painted vanity and updated stainless drawer/cabinet pulls. Upgraded shower arm, new showerhead and new soft close toilet seat. Kitchen has a Moen chrome kitchen faucet with retractable sprayer. New 3/4 hp garbage disposal. Upgraded the above-cabinet and under-cabinet lighting on the remote. Upgraded USB charging outlet. White real wood cabinets. Upgraded stainless drawer pulls and cabinet door pulls. Amana stainless steel appliances are 6 years young. Amana stainless refrigerator has a light, water and ice feature on the door for convenience. Whole interior house painted in on trend Sherwin-Williams Alabaster and has a real wood burning fireplace. Hard-wired security system with motion detectors. Whole home upgraded to long life dimmable LED bulbs. RING doorbell. Nest thermostat. White Levolor blinds throughout and new matching Levolor blind at rear French door leading to covered private porch. Maintained fenced flat backyard. Replaced fascia and soffits. Painted exterior trim in neutral beige. Fresh black mulch in landscaping beds. New DuraLux wide plank luxury vinyl floor with a pre-attached underlayment with a limited lifetime residential warranty, and the seller stored extra planks for any future repairs. Very convenient to new Publix shopping Midland Commons and variety of shopping, healthcare and restaurants. Subdivision entrance close to 214-acre Flat Rock Park. Scottsdale Court is a cul-de-sac street with no through traffic. Outdoors enthusiasts enjoy the nearby Columbus Fall Line Trace on their first visit. The paved, mostly flat 10.5-mile rail trail runs from the outskirts of Columbus to the Chattahoochee Riverwalk, a promenade that follows the river through the historic downtown area. The trail is part of the 33.5-mile Dragonfly Trails system, a growing network of interconnected trails that will eventually cover 60 miles. Because the dragonfly indicates clean water, the name symbolizes the efforts to clean up pollution in the Chattahoochee River. Today, the Chattahoochee River is a popular tourist draw as an urban whitewater course and also for its adjacent river sidewalk path system.
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.
