Welcome to your dream country estate with the perfect set up for a home business—an impressive 3,500 sq ft home set on 8.5 fully fenced and gated acres, offering a large, versatile space with endless potential to make it your own. This 4-bed, 5-bath home also features an office, formal dining room, and a sunny breakfast nook, making it perfect for both everyday living and entertaining. The expansive kitchen comes complete with a prep island, built-in bar seating, custom cabinetry, and a walk-in pantry. The living area is warm and welcoming, centered around a cozy fireplace with floor-to-ceiling built-ins and a wall of windows that overlook the sparkling pool area. All bedrooms include their own ensuite bathroom and walk-in closet, while the spacious primary suite offers dual oversized walk-in closets. A secondary primary suite adds flexibility, making this home ideal for multi-generational living. The 3-car garage comes with built-in storage, and the backyard feels like a private resort with an inground gunite pool featuring a tanning deck and water feature, plus an outdoor kitchen with a smoker, fryer, and prep sink. A nearby small building is perfect for a future pool house or guest space, and two additional outbuildings offer even more functionality—one currently used as a fenced poultry coop, and the other as the kennel office. There is also a bank of solar panels. The showstopper is the 3,700 sq ft professional-grade kennel facility, designed for breeders or pet care professionals, featuring 20 raised 16'x4' runs with Lixit water adapters and free feeders, a dedicated septic system, full HVAC, industrial dehumidification refreshing air every two hours, a dog wash station, photo room, multiple rooms with 20 bank cages, washer, dryer, dishwasher, and refrigerator. Whether you’re envisioning a peaceful family retreat, a working ranch, or a turnkey home-based business, this unique property offers the space, amenities, and flexibility to bring your vision to life.
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.
