Nestled in the highly desirable Woodleaf subdivision, this custom-built brick estate offers an exceptional blend of privacy, luxury, and modern efficiency. Privately situated on 13+ secluded acres, a breathtaking 150-yard tree-lined driveway creates a grand first impression and a true sense of arrival. With over 4,000 square feet of thoughtfully designed living space, this impressive home features 5 spacious bedrooms and 4.5 baths. The well-appointed floor plan offers comfortable everyday living while seamlessly accommodating gatherings and entertaining. The expansive eat-in kitchen is a chef’s delight, complete with cooktop, wall oven, generous counter space, and abundant cabinetry. A cozy wood-burning fireplace warms the main level, creating an inviting atmosphere during cooler months. The lower level boasts a massive workshop—ideal for hobbyists, craftsmen, or creative projects. Recent upgrades provide peace of mind, including a newer HVAC system, dishwasher and brand-new water heater. The roof and gutters are only two years old! This all-electric home is designed for efficiency with leased solar panels and two Tesla backup batteries, helping to significantly reduce utility costs while providing reliable power during outages. Relax year-round in the four-season room or unwind outdoors on one of two spacious decks overlooking the serene, protected watershed acreage. The property invites outdoor adventure with room to explore, hike, and garden. A greenhouse extends your growing season, and the established chicken coop and run add to the homestead charm. Keep the family pets safe too with an invisible fence that's already installed! With county approval, there is even potential to add stables and create a private horse property. Enjoy the tranquility of country living without sacrificing convenience. This extraordinary Woodleaf estate truly offers space, sustainability, and endless possibilities.
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.
