Discover refined country living on this 10-acre working farm, designed for those who value both privacy and sophistication. A secure electronic gated entrance welcomes you home to a stunning custom Hardiplank residence surrounded by multiple fenced pastures, some with Nelson automatic waterers, run-in sheds, and a six-stall barn complete with a riding ring, wash rack, and tiled feed/tack room with window unit and dishwasher. The residence blends timeless elegance with modern function. Step into a grand foyer with soaring vaulted ceilings and custom barn doors leading into a formal living room accented by recessed lighting and trey ceilings. The heart of the home offers open-concept living: a chef’s kitchen with granite perimeter counters, butcher block center island with GE double oven gas range, Bosch dishwasher, and French-door refrigerator, seamlessly connected to the keeping room with a stone fireplace and dining area overlooking serene pastures. The primary suite is a retreat of its own, with private access to the deck and screened porch with vaulted, wood lined ceilings framing spectacular mountain views. The ensuite bath showcases dual vanities, a walk-in tile shower with curtain drain, a jetted tub, and a spacious walk-in closet. Two additional main-level bedrooms share a full bath, while a recently remodeled half bath with marble tile adds a touch of luxury. The walk-out basement offers a finished bonus room opening to a concrete patio with 220V power—perfect for a hot tub—plus expansive unfinished space for storage or future expansion. Outdoors, the property provides everything for the equestrian or hobby farmer: fenced pastures, barn, outbuildings, and well water. Enjoy community riding trails, endless opportunities for horses, cattle, or small livestock, and the tranquility of mountain vistas from your own porch. This estate is a rare blend of equestrian function and upscale comfort—a sanctuary for both you and your animals. New flooring through a majority of the home as of October 2025. **With a full price offer, the seller will repaint the exterior of the home and barn.**
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.
