MOTIVATED SELLERS! Escape to your own private retreat! Tucked away down a long, paved driveway, this exceptional property is nestled on 10 secluded acres. Designed with comfort and convenience in mind, the property features handicap-accessible features. You are greeted by high-end finishes throughout, including stunning granite countertops, custom-designed stair railings, gleaming hardwood and tile flooring, and ample storage at every turn. The expansive master suite upstairs serves as your personal sanctuary, featuring lush new carpeting with premium padding for maximum comfort and a private balcony. This peaceful retreat opens to an enormous walk-in closet, perfect for all your storage needs. Year-round comfort is assured with a brand-new dual-fuel WiFi-controlled HVAC system and a state-of-the-art tankless water heater. Step outside and discover the ultimate backyard for relaxation and entertaining. The 24-foot round above-ground pool with tiki bar, new pool filter, and pump invites endless summer fun. Green thumbs will delight in the meticulously cultivated garden, with thriving peach trees, blueberry bushes, and pear trees - perfect for both beauty and homegrown harvests. For outdoor enthusiasts and nature lovers, the property is a haven, teeming with deer and abundant wildlife. Whether you're an avid hunter or simply love the great outdoors, this land offers a true connection to nature. For those with hobbies or in need of extra space, the property boasts a massive 30x40 detached workshop and garage, alongside a charming "she shed" perfect for creative pursuits. Additionally, there's a 32-foot RV parking space complete with full hookups for convenient, year-round use. This property doesn't just offer a home; it offers a lifestyle. Don't miss out on this rare opportunity to experience both luxury and serenity in one exceptional package.
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.
