Absolutely stunning 11-acre farmstead in the Big Walnut School District, offering the perfect blend of country living and modern comfort. Overlooking a beautifully manicured and stocked pond with stone banks, this one-of-a-kind property includes everything from a working farm setup to wooded riding trails, open pasture, and outdoor spaces designed for relaxation and entertaining. The front half of the property is fully fenced and includes two paddocks, one on each side of the barn, with two additional large paddocks extending into the wooded area. Explore riding trails, a pavilion, and a firepit tucked in the woods—a perfect gathering spot to unwind under the stars. Behind the garden, you'll find a small orchard with apple, peach, and pear trees, blueberry bushes, and mature mulberry and wild raspberry plants. The property also features perennial landscaping around the front yard and entryway, offering beauty in every season. Enjoy fishing in the pond, watching sunsets from the deck, and the peaceful privacy that surrounds this incredible setting. Inside, the updated ranch-style home offers over 3,200 sq. ft. of finished living space (1,640 sq. ft. on the main level) with 4 bedrooms and 3 full baths. The interior features refinished hardwood floors, neutral paint throughout, and updated lighting in the bathrooms, hallway, and main living areas. The expanded great room centers around a beautiful brick fireplace, while the chef's kitchen boasts quartz countertops, tiled backsplash, stainless-steel appliances, and custom cabinetry. A large deck extends off the main living area, creating seamless indoor-outdoor flow. The laundry room includes tile flooring, cabinetry, and a utility sink for added convenience. The fully finished walkout basement provides additional living space with a bedroom, full bath, and plenty of room for recreation or guests. Additional updates include new sump pumps (inside and out), HVAC servicing, new water heater, and extensive re-plumbing.
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.