Discover this amazing, beautifully updated, and warmly appointed five-bedroom home that blends modern comfort with timeless charm. A welcoming covered front porch sets the tone as you step inside to find plank flooring throughout, creating a seamless, stylish flow from room to room. The sun-filled living room with tall ceiling offers an inviting space for everyday relaxation, while the formal dining room is perfect for hosting memorable gatherings. The beautifully updated kitchen is a true centerpiece, showcasing 42-inch birch custom cabinets with crown molding, Corian countertops, and stainless steel appliances, all designed for both function and elegance. A wonderful office space provides flexibility for today's work-from-home needs. The main level laundry room with a utility sink adds convenience, and the main level bedroom with a full bath is ideal for related living, guest accommodations, or multi-generational setups. Upstairs, the spacious master bedroom impresses with an elegant shiplap accent wall, offering a cozy retreat at the end of the day. Additional bedrooms are generous in size, providing comfort for family and guests alike. Mechanical updates offer peace of mind, including a new furnace (2025), new plumbing (2025), and water heater (2022). A two-car garage provides plenty of storage and convenience. Outside, enjoy a huge yard, perfect for entertaining, gardening, or future outdoor projects and a refreshing swimming pool. A truly exceptional home-cozy, stylish, and move-in ready with thoughtful updates throughout.
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.
