Property Description: Wake up to peaceful lake views and the charm of country living in this one-of-a-kind 4-bedroom, 2-bath home set on a spacious 0.30-acre lot. Blending rustic character with modern comfort, this property offers the relaxed lifestyle many buyers are searching for. Inside, soaring vaulted ceilings, exposed beams, skylights, and a stunning floor-to-ceiling stone fireplace create a warm and inviting atmosphere. The open-concept kitchen is the heart of the home, featuring shaker-style cabinetry, a farmhouse sink, abundant workspace, and thoughtful details that complement the home's country-inspired design. The flexible floor plan provides room to spread out and make the space your own. The primary suite includes a private bath and dedicated office, perfect for remote work or a quiet retreat. A secondary bedroom features a unique alcove ideal for a reading nook, hobby space, or extra storage, while two additional bedrooms near the sunroom offer versatility for guests, crafts, or everyday living. Designed for practical country living, the home also features a mudroom with a separate entrance, plus an oversized walk-in pantry with extra cabinetry and countertop space. Major updates provide peace of mind, including a new roof, lift station, drain fields, and a complete HVAC system replacement (inside and outside units) completed in May 2026. Step outside and enjoy the lifestyle this property offers. Tend to the fenced garden with raised beds, collect fresh eggs from the custom chicken coop with predator-proof run, or simply relax on the covered front porch while taking in lake views and colorful sunrise skies. With a private water well and septic system, this property offers a level of independence and self-sufficiency that is increasingly hard to find. Whether you're looking for a full-time residence, a weekend escape, or a place to embrace a slower pace of life, this property delivers the perfect blend of comfort, character, and country charm.
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.
