SHOWINGS BEGIN ON FRIDAY 6/19! It's finally here, the home to come to market that offers an incredible level of space, versatility, and character. Nestled on a double lot with an additional parcel included, this stunning all-brick rustic farmhouse backs to open meadow views and the picturesque landscape of Willoughby Farms, creating a peaceful country setting while remaining close to everyday conveniences. Boasting over 3,000 square feet across four finished levels, this one-of-a-kind residence is perfectly suited for multi-generational living, extended family, or those simply seeking room to spread out and enjoy. With two full kitchens, multiple gathering spaces, and a potential private in-law or college student suite, the possibilities are endless. An abundance of natural light pours through more than 40 windows, including many replaced in 2022, illuminating soaring vaulted ceilings, exposed wood beams, knotty pine accents, original hardwood flooring, and impressive brick fireplaces that create warmth and timeless charm throughout. The upstairs living room features a new wood-burning fireplace installed in 2022, while expansive sunrooms invite the outdoors in and provide exceptional spaces to relax and entertain. Designed for comfort year-round, the lower levels feature heated floors with individual temperature controls, supported by updated mechanical systems including a newer boiler, hot water heater, backup electric furnace, and a new A/C compressor installed in 2026. Exterior improvements, including roof, gutters, and siding, provide peace of mind for years to come. Outdoor living is equally exceptional with a covered front porch, wraparound deck, covered patio, mature trees, and breathtaking views of the surrounding countryside. The oversized garage offers incredible capacity with tandem spaces ideal for vehicles, equipment, or recreational toys, while two additional outbuildings—including a workshop with electricity—expand the possibilities even further. Whether you envision creating your own hobby farm full of animals, adding a pickleball court, establishing a private retreat, or holding the extra parcel as an investment opportunity, this remarkable property offers endless potential.
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.
