Tucked away on 2 peaceful acres in High Point Ranch, this home is the kind of place where life naturally slows down—and spreads out. From the moment you arrive, there’s room to breathe, room to work, and room to truly live. Most of everyday living happens on the first floor, including 3 bedrooms + a private office, making the layout ideal. The primary suite is split from the secondary bedrooms, creating a quiet retreat at the end of the day. The bath feels spa-like with double sinks, a deep soaking tub, and a walk-in, double-headed shower—no glass to clean—plus a generous walk-in closet. At the heart of the home is the family room anchored by a stone, wood-burning fireplace flanked by built-ins. Walls of windows bring in abundant natural light and frame views of the surrounding acreage—perfect for morning coffee or cozy evenings in. Working from home is easy thanks to a private study with French doors, offering separation when needed. The open kitchen keeps everyone connected, featuring a 5-burner gas cooktop, breakfast bar, and an abundance of cabinetry. LVP flooring flows through many areas of the home, complemented by updated carpet where comfort matters most. Updates include a tankless water heater, AC units, roof, microwave, and cooktop. Upstairs offers bonus flexibility with a large game room, a full bath, and a fourth bedroom, along with a walk-in attic for extra storage—perfect for guests, teens, or multi-generational living. Storage and parking won’t be an issue with the huge oversized attached garage. And then there’s the showstopper: a 40x30 workshop—fully spray-foam insulated, powered with electricity, and equipped with two roll-up doors. Whether you’re a hobbyist, collector, or small-business owner, this space delivers. It even has a charming front porch to enjoy the amazing sunsets, adding character you don’t often find in a workshop. Fenced and cross fenced area at back of property.Neighborhood features private lake for bass and crappie fishing.
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.
