This isn't a house listing. This is a compound listing. Sitting on 10.3 private acres inside Sweetwater Estates, 103 Sweetwater Trail is one of one. A fully operational live-work-play estate where the home, the office, the shop, the garage, the pond, and the land all work together as a single asset — and nothing like it exists in this market. The main residence delivers 2,300 square feet of 3-bedroom, 3-bathroom living, refined and ready. But step outside and the property opens up into something else entirely. The attached 1,750 square foot four-bay garage sits next to the main home, already insulated and fully prepped for AC and heat built to function, not just store. Behind it, a 6,000 square foot building anchors the back of the property: 2,000 square feet of professional office space complete with a dedicated bedroom, full bathroom, conference room, and coffee bar...and 4,000 square feet of high-clearance shop large enough to bring in a full-size semi truck. Tools and equipment negotiable with the right offer. Need workspace that doesn't feel like a commute? The 2,000 square foot executive office suite is a fully separate professional environment private entrance, full bath, conference room, and coffee bar. Run your business from your backyard. The land itself is the final layer. A stocked 2.5-acre pond. Your own shooting range. Room for horses, cattle, or whatever you're building toward. Zoned AC agriculture commercial meaning the land works as hard as you do. Here's the part that sets this apart from every other HOA community property in the county: this parcel sits within the Sweetwater Estates HOA but is exempt from its restrictions. You get every amenity the community offers with zero limitations on what you can do with your land. Ten acres. One owner. Zero compromise.
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.
