Situated on 5.17 scenic acres, this custom-built Gary Owens home offers over 3,200 square feet of heated and cooled usable living space, including approximately 200 square feet of enclosed patio space not reflected in assessor records. With breathtaking scenery and room to truly spread out, you'll enjoy the perfect balance of privacy and convenience. The open-concept living, dining, and kitchen area creates the perfect gathering space for holidays, game days, and everyday living. A dedicated office provides the flexibility today's homeowners need. The thoughtfully designed floor plan features three spacious bedrooms, each with its own private ensuite bath, plus an additional half bath for guests. The primary suite feels like a luxury getaway with a spa-inspired bathroom, soaking tub, walk-in shower, and an oversized walk-in closet designed to impress. Looking for room to grow? The upstairs attic space has already been decked, insulated, plumbed for a future bathroom, and wired for expansion, creating endless possibilities for a media room, guest suite, game room, or additional living space. Step outside and experience what makes this property truly special. The heated and cooled enclosed patio overlooks the pond through energy-efficient windows, creating the perfect backdrop for morning coffee, evening sunsets, or entertaining friends and family. The 30' x 40' pole barn offers incredible versatility with multiple electrical outlets and RV-ready power, making it ideal for storage, workshop space, recreational vehicles, hobbies, or equipment storage. A whole-home Kohler 22k propane generator provides peace of mind year-round. Whether you're dreaming of gardening, raising animals, enjoying the outdoors, or simply embracing the privacy and freedom that acreage provides, this property offers a lifestyle that's increasingly hard to find. THE SCHOOLS SYSTEM CAN BE BANNER, YUKON, or MUSTANG. Buyers to verify school system.
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.
