Where country freedom meets stylish, custom living! Situated on a spacious lot with no mobile home community restrictions, this beautifully upgraded 3-bedroom, 2-bath home offers the perfect blend of comfort, function, and charm. Two living rooms, newer windows! Step inside gorgeous kitchen remodel to discover thoughtful design throughout, including granite countertops, custom cabinetry with upgraded hardware, a slate subway tiled backsplash, and farmhouse lighting enhanced by under-cabinet and accent lighting. The kitchen is fully equipped with a Samsung range and microwave, plus a Frigidaire dishwasher, making it move-in ready for everyday living or entertaining. A walk-in pantry with a sliding barn door provides both style and convenience. A large separate laundry area offers incredible flexibility for busy households. The inviting hallway features shiplap cedar ceiling, adding a touch of rustic elegance. The private primary suite is designed for relaxation, featuring an amazing oversized walk-in shower, gorgeous granite counters and upgraded toilets for added comfort. Two over-sized guest rooms. Step outside and enjoy the true highlight of this property - a large covered back porch complete with a cozy fireplace and beverage fridge, perfect for relaxing evenings and hosting guests. The outdoor space continues with beautifully crafted multi-tiered stone landscaping terraces, adding dimension and usability to the yard. For those needing extra space, this property delivers: a 30x20 workshop with two 9x7 roll-up doors, an 8x20 lean-to for additional storage, and a versatile 12x8 shed that can easily be transformed into a she-shed, potting shed, or creative studio. This property offers the rare opportunity to enjoy peaceful, unrestricted living with high-end finishes and exceptional outdoor amenities—ready to fit your lifestyle. 1 Acre, bring your animals, water well with well house, many scattered trees and landscaping surround this peaceful property.
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.
