Welcome to this stately two-story colonial that delivers space, style, and smart living in one beautifully wrapped package. With 2,442 square feet of thoughtfully designed living space, this four-bedroom, two-and-a-half-bathroom home checks every box on your wish list — and probably a few you forgot to write down. Step inside to discover a layout that truly understands how families live. The kitchen offers generous table space for casual meals, while a dedicated dining room stands ready for more formal gatherings. The family room flows naturally off the kitchen, creating that coveted open feel perfect for entertaining or keeping an eye on homework while dinner simmers. A versatile office or bonus room on the main level adds flexibility for remote workers, hobbyists, or anyone who simply craves a quiet retreat. Upstairs, all four large bedrooms await, including a primary bedroom that feels like a private sanctuary with its en suite bathroom and not one but two walk-in closets. The conveniently located second-floor laundry room means you can say goodbye to hauling baskets up and down the stairs forever. The unfinished basement presents a blank canvas brimming with potential — future game room, home theater, or gym, perhaps? Outside, a nicely sized fully fenced backyard provides safe space for children and pets to roam freely, while the oversized garage accommodates vehicles, storage, and weekend projects with ease. Schedule your private tour before someone else falls in love first. This property may qualify for Seller Financing (Vendee). If property was built prior to 1978, Lead Based Paint Potentially Exists. Seller does not pay customary closing costs, title policy, escrow fees, survey or Transfer/Recordation fee. SOLD AS IS.
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.
