This is a well-maintained, spacious two-story home located in the desirable Butler Farms community! There are many builder upgrades offered in this traditional style home. This home boasts a large kitchen with upgraded cabinetry, granite counter tops, a large island, and a spacious morning room off the kitchen. The Family Room is complimented with a custom gas fireplace and plush upgraded carpet. The Primary Suite is sized nicely, and has a large bathroom with a tiled shower and customized tiled bathtub surround. There are three additional bedrooms sized nicely as well, with two of them offering oversized closets. You will find in the first and second level bathrooms marble countertops. In the basement there is plenty of space for entertainment, recreational activity, and storage! With a finished basement that contains an additional half bathroom, this home offers three levels of living. The basement includes an entertaining space designed with butcher block countertops and ample storage and shelving. Outside you will find a 10x12 customized shed with a loft, along with a 14x18 complete Moistureshield composite deck. The garage is enhanced with a six-foot bump out extension and is fully insulated. The driveway has been recently sealed in late 2025. As for tech, this home offers a complete Vivint home security system and a built-in WI-FI extender system that offers enhanced service quality and both will convey. A 14-year structural warranty is included and will transfer with the property as well! A brand new, professionally installed fence, was completed in summer of 2025. This well-loved home still feels brand new! With a short walking distance to Area 51 Disc Golf Course, views of the Greenspace, and Hanns famous farmers market across the street, this home also has a great deal of outdoor entertainment appeal!
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.