Welcome to this truly one-of-a-kind estate property located in the highly sought-after Whitewater School District with NO HOA - offering luxury living, multi-generational flexibility, incredible entertaining space, and an unmatched workshop setup all in one exceptional property. This spacious residence offers approximately 4,196 square feet of living space designed for both comfort and functionality. The property features an attached 2-car garage along with a permitted detached 4-car garage connected to an expansive climate-controlled workshop totaling approximately 2,781 square feet. Complete with HVAC, commercial-grade electrical service, and workspace potential, this setup is ideal for mechanics, contractors, business owners, car collectors, RV or boat storage, hobbyists, or anyone seeking substantial functional space at home. The fully finished basement offers incredible versatility and includes:* Private exterior entrance* Kitchen area* Private bedroom* Full bathroom* Gym area* Pool/game room* Sauna Room *Movie Room Perfect for:* In-law suite* Multi-generational living* Guest quarters* Private apartment setup* Potential income-producing rental opportunity Outdoor living is elevated with a beautifully designed gazebo overlooking the pool area, complete with wraparound seating and spacious decking - creating the perfect setting for entertaining, relaxing evenings, family gatherings, or enjoying your own private backyard retreat. Additional Property Features Include:* Well water on property* Pool and outdoor entertainment potential* Gazebo and additional garden structure* Estate-style privacy and flexibility* Expansive deck and outdoor gathering spaces* Oversized garage and workshop capacity with high celings to stack cars and put in a lift. The sellers have intentionally left portions of the basement flooring unfinished, allowing the next owner to personalize finishes to their own style and preference. Buyer incentives may be available toward basement flooring and pool surround completion. Mature Japanese maple tree creates a picturesque front yard. This rare Fayette County property offers a unique combination of luxury living, business flexibility, entertainment space, and private multi-use functionality that is difficult to find in today's market. Conveniently located near shopping, dining, schools, and major commuter routes while still offering privacy and room to grow. A rare opportunity with 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.
