Absolutely stunning custom-built colonial situated on five pristine acres, offering the perfect blend of luxury, privacy, and outdoor living. This exceptional property features a spring-fed, fully stocked private pond, a charming guest house, a detached three-car garage, and an attached two-car garage.Crafted with quality and attention to detail, the home showcases premium finishes throughout, including Hardie Plank siding, rich hickory hardwood flooring, 9-foot ceilings on the main and upper levels, 8-foot ceilings in the lower level, extensive crown molding, elegant chair railing, and a second-level covered balcony overlooking the picturesque grounds. The front yard is framed by mature trees and a beautiful variety of established landscaping, while a paver walkway leads from the driveway to the inviting covered front porch.Step inside to a welcoming foyer, where a spacious home office or main-level bedroom sits to the left, complete with built-in shelving and an ensuite bathroom. To the right, an elegant formal dining room offers direct access to the kitchen. Just beyond the dining room, the family room features a wood-burning fireplace and an abundance of windows that flood the space with natural light.The oversized gourmet kitchen is designed for both everyday living and entertaining, featuring a large center island, breakfast area, expansive L-shaped countertop, decorative backsplash, top-of-the-line appliances, custom wood cabinetry, a walk-in pantry, and access to the covered deck overlooking the pond and scenic countryside. A spacious mudroom with custom built-in shelving and direct access to the attached two-car garage completes the main level.The upper level features an open landing area with direct access to the covered balcony, providing breathtaking views of the surrounding countryside and beautifully maintained grounds. Bedroom two offers generous closet space and a private ensuite bathroom with a tub/shower combination. The impressive primary suite spans the entire width of the home and is highlighted by large windows showcasing picturesque views of both the front and rear of the property. The suite includes a walk-in closet with custom built-in shelving, an additional closet for extra storage, and a luxurious spa-inspired ensuite bath featuring tiled flooring and a walk-in shower with floor-to-ceiling tile surrounds. The walkout lower level offers exceptional flexibility with two spacious bedrooms, a full bathroom, a dedicated laundry area, and a large unfinished space featuring a wood-burning stove and endless potential. Whether you envision a recreation room, home theater, fitness center, game room, workshop, or additional living area, this space is ready to accommodate your needs.Outside, the property truly shines. Enjoy peaceful mornings overlooking the spring-fed stocked pond, entertain guests on the covered deck, or take advantage of the guest house and extensive garage space for vehicles, hobbies, and storage. Surrounded by nature yet thoughtfully improved for modern living, this remarkable estate offers a rare opportunity to enjoy country living without sacrificing comfort or quality.PRICED BELOW THE ASSESSED AND APPRAISED VALUES, this exceptional property represents an outstanding opportunity to own a one-of-a-kind estate.
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.
