Private 2+ Acre Retreat | Workshop w/ Loft Apartment Potential | Updated Flooring | Move-In Ready! Tucked away in a peaceful setting, this property offers the space you've been searching for while remaining conveniently located to shopping, dining, and Interstate 75. Inside, you'll find a warm and inviting home featuring updated flooring th a roof that's only six years old, and a home that has been meticulously maintained . Step outside and experience the beauty of nature with expansive outdoor space, mature shade trees, and plenty of room for gardening, entertaining, recreation, or simply enjoying the peaceful surroundings. featuring the impressive workshop , making it ideal for hobbyists, woodworkers, mechanics, small business owners, or anyone needing extra storage and workspace. Above the workshop is a spacious loft with its own private entrance, offering incredible potential for a future apartment, guest suite, home office, studio, rental opportunity, or multi-generational living space. With abundant parking, room for recreational vehicles, boats, trailers, and all your outdoor toys, this property offers flexibility that is increasingly hard to find. The level acreage provides endless possibilities for expansion, outdoor entertaining, gardening, or creating your own private homestead. If you've been dreaming of a property that offers privacy, versatility, and room to breathe, this is your opportunity. Properties with acreage, mature trees, workshop space, and future expansion potential are becoming increasingly rare. Come experience the peaceful lifestyle that 1170 Peeksville Road has to offer. Room to grow. Room to create. Call To schedule your private tour!
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.
