Welcome to your dream homestead on 5 beautiful wooded acres, where privacy, functionality, and custom craftsmanship come together in a truly one-of-a-kind setting. Blending Rustic Contemporary, Craftsman, and Country Traditional design, this custom-built two-story home offers the perfect balance of peaceful country living and convenient access to the city. From the moment you arrive through the gated entrance, the property showcases everything needed for a versatile rural lifestyle. The grounds feature mature trees, open green space, walking trails cut through the back acreage, multiple outbuildings, and plenty of room for gardening, animals, entertaining, or simply enjoying the outdoors. Near the front of the home sits an insulated workshop with an attached single-car garage, while out back an additional garage/storage building and barn with chicken coop provide even more flexibility and functionality. Inside, the home immediately impresses with a soaring two-story living room with a stone fireplace and log wall paneling that serves as the centerpiece of the spacious main living area. The updated kitchen is both stylish and practical, featuring granite countertops, stainless steel appliances, abundant cabinetry, and a well sized pantry. The thoughtful floor-plan includes spacious living areas, a large primary suite, spa-style primary bath with soaking tub and skylight, laundry/mud room, and dual upstairs climate control ,where the bedrooms are located, for added comfort. Built with impressive quality and durability in mind, the home was constructed using steel studs rather than traditional lumber. At the center of the home, you’ll also find a built-in lower-level concrete storm shelter that doubles as a bonus basement space not included in the square footage. Properties offering this level of privacy, character, utility, and custom construction are rare. Don’t miss your opportunity to experience this incredible acreage property in person.
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.
