Set on 11+ beautifully manicured acres, this custom-built home offers a rare combination of privacy, functionality & extensive upgrades—all with no HOA & easy access via ALL paved roads. Designed for everyday living & entertaining, the property features 4 bedrooms, 2.5 bathrooms & extra-long 3 car garage with plenty of room for larger vehicles or a boat. Inside, the home has been thoughtfully updated with a $70,000 kitchen remodel showcasing Quartz countertops, custom cabinetry, new appliances, farm sink & HUGE expanded pantry. The spacious primary suite addition creates a true retreat complete with a Steamist steam shower, jetted tub & oversized walk-in closet. New flooring runs throughout, along with fresh paint throughout the interior & exterior, updated lighting & fixtures. Built with longevity & efficiency in mind, the home includes a whole-home generator (2022), roof replacement, reinforced attic for potential future expansion with staircase walk-up access. Additional features include two fireplaces, an ice machine, water softener & fiber internet. Outdoor living is just as impressive with a resort-style concrete pool, wrap-around porch featuring a fully equipped outdoor kitchen, pergola, and bricked grilling area. The property is fenced with a private wrought iron gated entrance, recently paved driveway, sprinkler system covering approximately 5 acres, and professionally landscaped grounds & flower beds. Mature trees & custom landscape lighting create a stunning evening atmosphere, while the expansive acreage provides endless possibilities. Highlights include well water, propane system with natural gas access at the street, invisible dog fence & a bus stop at the end of the driveway. Rare opportunity to own a meticulously maintained acreage property with exceptional outdoor living. Secondary home & shops allowed!
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.
