Welcome to this well-maintained single-story home situated on a spacious 1-acre lot offering a functional layout with four bedrooms and two full bathrooms. A covered front porch creates a welcoming first impression, while the detached carport, 30' x 40' oversized detached garage, and workshop provide ample space for vehicles, equipment, storage, projects, or recreational hobbies. A spacious living room serves as the heart of the home, creating an inviting space for everyday living and gathering with family and friends. The adjacent dining area flows seamlessly into the kitchen, making entertaining and daily routines both convenient and comfortable. High-speed internet is available, with internet connections in multiple rooms. The kitchen features abundant cabinet storage, generous counter space, stainless steel appliances, a pantry, and an efficient layout designed for meal preparation and organization. The primary suite includes a walk-in closet and an en-suite bathroom with a dual vanity and a shower and tub combo, providing a comfortable retreat at the end of the day. Three additional bedrooms offer flexibility for family, guests, a home office, a hobby room, or a workout space. The fourth bedroom can also function as a home office, depending on your needs. The thoughtful floor plan includes ample closet storage throughout, a dedicated laundry room, and durable finishes that make the home easy to maintain. The spacious outdoor setting offers room to enjoy country living while maintaining the convenience of a modern home. Water is provided by a well, and the property utilizes an Aqua Safe aerobic septic system by Ecological Tanks. Whether you're looking for room to spread out, space for a workshop, or simply a property with both indoor comfort and outdoor freedom, this home offers a versatile opportunity with a practical layout, generous storage, and plenty of room to make it your own.
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.
