SELLERS ARE MOTIVATED & READY TO MAKE A DEAL!!! Willing to pay $3000 towards buyers closing costs!! Welcome home to peaceful country living in this beautifully maintained brick ranch situated on just over 2 acres. Tucked a quarter-mile down a picturesque tree-lined dirt road, this property offers rare privacy with sweeping views of surrounding pastureland and grazing cattle-true Southern charm at its finest. The welcoming double-door entry opens into a spacious foyer leading to a cozy living room featuring a gas fireplace, brick hearth, and custom built-in shelving perfect for displaying family treasures. Just off the foyer sits a versatile bonus room that can serve as a formal living space, home office, playroom, or library, offering flexibility for your lifestyle. The galley-style kitchen provides abundant cabinetry and opens to both a formal dining room and a cheerful breakfast nook framed by a bay window. Plantation shutters throughout the home elevate the warmth and character, adding to its timeless Southern appeal. Thoughtful updates make this home truly move-in ready. Throughout the property you'll find new windows, wrapped ductwork beneath the home, fresh interior and exterior paint, and updated flooring including luxury vinyl plank in the primary bedroom and new carpet in the formal living room and two secondary bedrooms. Both bathrooms feature new toilets, and the master bathroom is enhanced with new vanities. Kitchen updates new countertops, backsplash, sink and hardware in addition to updated appliances, with the exception of the refrigerator. Washer & dryer are also included with home. Storage is plentiful thanks to an oversized garage, attic space, and a well house with ample room for lawn equipment, tools, or off-road toys. The expansive screened-in back porch provides the perfect setting to unwind at the end of the day, enjoy quiet mornings, or take in the peaceful natural surroundings. Located approximately 30 miles from Southeast Health in Dothan, 20 minutes from downtown Blakely, and 20 minutes from downtown Donalsonville, this property delivers a calm country lifestyle without sacrificing convenience. Pride of ownership shines throughout this home, offering the ideal setting for those seeking tranquility, space, and the ease of rural living. If you're dreaming of quiet country days and a home that's truly been loved and cared for, this 3-bed, 2-bath brick ranch may be your perfect match.
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.
