Escape to the country with this beautiful 8.2-acre fully fenced farm offering the perfect setup for horses, livestock, hobby farming, or peaceful rural living. This charming 3-bedroom, 1-bath farmhouse is surrounded by open pasture, mature shade trees, and scenic countryside views. Equestrian enthusiasts will appreciate the impressive 30’ x 60’ barn featuring 7 stalls, a tack room, electric service, and water run to the barn. (Seller has never used) The property also includes an automatic livestock waterer in the pasture off the barn, fed from one of the ponds, making this a functional setup for horses and livestock. A round pen area, multiple outbuildings, and fenced acreage are already in place and ready to use. The property features two fully stocked ponds the seller says, offering both beauty and recreation. Enjoy fishing right from your own property with populations of crappie, bass, bluegill, sunfish, and catfish already established. In addition to the farmhouse, the property includes a separate 16’ x 48’ tiny house offering approximately 768 square feet of additional space. The tiny house features an open-concept living and sleeping area, kitchen, large storage closet, bathroom, separate laundry room, numerous windows for natural light, and both front and rear entrances. Whether used as guest quarters, a hobby space, home office, workshop, or additional living space, the possibilities are endless. Additional improvements include a large 10-foot-tall carport capable of accommodating 3-4 vehicles, as well as a detached garage with additional storage space located off the rear of the building. Whether you’re looking for a horse property, mini farm, homestead, or private rural retreat, this unique property offers the space, amenities, and infrastructure to bring your vision to life. Property Features: 8.2 Fully Fenced Acres, 3 Bedroom, 1 Bath Farmhouse , 16’ x 48’ Tiny House (Approx. 768 Sq. Ft.), 30’ x 67’ Barn with 7 Stalls Tack Room, Electric & Water at Barn, Automatic Livestock Waterer, Round Pen Area, Two Fully Stocked Ponds, Crappie, Bass, Bluegill, Sunfish & Catfish, 10’ Tall Carport (3-4 Vehicles), Detached Garage with Additional Rear Storage, Multiple Outbuildings & Storage Sheds, Open Pasture & Mature Shade Trees, Horse & Livestock Ready! Don’t miss this rare opportunity to own a turnkey farm property with everything already in place for country living, equestrian pursuits, fishing, and recreation. Call listing agent today to schedule your showing.
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.
