Nestled on just under Ten Acres, this Desirable Ranch-Style Home is Anchored by an Expansive Pond, which Features around 340Ft. of Water Frontage, and Breathtaking Views. Encompassed by a Full Wrap-Around Deck, the Outdoor Entertainment Possibilities are Endless. Upon Entering, You are Greeted by a Large Mudroom, Attached to another Spacious Mudroom/Storage Area. A Gorgeous Stone, Wood-Burning Fireplace Highlights the Alluring Open Floor Plan, which Ties Together the Vast Kitchen/Dining/Living Areas. Stunning Knotty Pine Beckons Throughout, while Leading You into the Bright Sunroom~ which Features Admirable Cathedral Ceilings. The Main Floor is also Home to The Primary Bedroom which is Accompanied by a Private Full Bathroom; along with a Second Bedroom, and another Full Bathroom. Winding Downstairs, You will Find an Expansive Family Room, along with Four More Convenient Bedrooms. There is also an Additional Finished10x12 Bonus Room, along with a Vast Amount of Storage Space.Wandering back Outside~ the Spacious Three-Stall Attached Garage, Brings it All Together. This Property also Highlights an Insulated 40x80 Pole Barn, which features a Convenient Pit, and 14Ft. Eaves~ So Many Possibilities Here! To Top it Off for any Hunters, there is an Existing Hunting Blind that Stays with the Property. *New laminate flooring inside (2025). Furnace and A/C- 5 yrs. old +/-. Replacement windows (2016)
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.
