*VA 2.2% Assumable Loan Available* Low Energy Bill- Avg $158/month*2,973 sqft of Living Space*Lower Level Suite with Full Kitchen, Bath, Living Room, Bedroom and Private Walk Out Entrance! Nestled in a serene rural setting, this beautifully renovated log home offers the perfect blend of rustic charm and modern comfort on 8.16 private acres with 2,973 square feet of living space. Major updates including new roof(s), freshly stained exterior logs on both the home and garage, fireplace lining, main level luxury bathroom with custom vanity, and other updates have transformed the home into a warm, inviting retreat featuring soaring two-story ceilings, exposed wood beams, and hardwood flooring. The open living area flows into a kitchen with granite countertops and deck access—ideal for entertaining or enjoying peaceful country views. A main-level bedroom provides easy one-level living, while two additional bedrooms are located upstairs. The fully finished walkout lower level offers a private in-law suite with separate entrance, complete with a full kitchen, full bath, bedroom, and spacious living and dining area—perfect for guests or multi-generational living. Outside, enjoy a full covered front porch overlooking neighboring open pasture, abundant wildlife, and scenic vistas, along with the soothing presence of a nearby creek. The level, partially cleared land includes a fully fenced flat acre ideal for animals, with access to walking paths, and riding trails. A detached oversized garage with large overhang provides ample storage or animal shelter. Located on a no-thru street with a private driveway and abundant gardens, this property delivers true peace and quiet while remaining conveniently accessible to nearby amenities. This is more than a home—it’s a lifestyle defined by space, privacy, and timeless country living.
10418 Cliff Mills Rd, Marshall, VA 20115
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.
