**Exceptional Brick Ranch on 1.53 Acres with Extensive Workshop & Storage Space!!** NO HOA! USDA Eligible. This beautifully maintained 3-bedroom, 2-bath brick ranch offers the perfect combination of comfort, functionality, and flexibility. Situated on a picturesque 1.53-acre lot with mature trees, colorful landscaping, and a meticulously maintained yard, this property is truly one of a kind. Step inside to find gleaming hardwood floors, updated bathrooms with granite countertops, and a spacious bath featuring a walk-in shower with a built-in bench. The updated kitchen is equipped with granite countertops, a deep double sink, stainless steel appliances, and a convenient breakfast bar that opens to the living areas. The spacious living room features a beautiful brick fireplace with upgraded gas logs and remote control. The expansive sunroom is flooded with natural light from upgraded vinyl skylights and offers direct access to the primary bedroom. This versatile space also provides room for dining, entertaining, or relaxing while overlooking the beautiful backyard. Storage and workspace opportunities abound throughout the property. The attached two-car garage features built-in cabinetry, a storage closet, and a high-performance Polyurea floor coating. In addition, you'll find two detached garages with storage rooms and workshop areas, a large two-car carport, and a charming "she shed" outbuilding – All with electricity. There is ample parking for family, guests, recreational vehicles, or business equipment. The rear of the property features a large, finished outbuilding complete with a deck, offering endless possibilities for entertaining, family gatherings, storage, a home-based business, workshop space, or potential conversion into additional living quarters. A separate unpaved driveway provides convenient access to the rear buildings and grounds. Additional upgrades include a HVAC system approximately three years old, updated kitchen and baths, plantation shutters, upgraded gas logs, and numerous improvements throughout the home. The level lot, mature shade trees, and beautiful landscaping create a peaceful setting while still providing room to work, play, and grow. If you're looking for a property with exceptional storage, workshop space, business potential, and a move-in-ready home, this rare opportunity deserves your attention. Schedule your private showing today!
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.
