Set on a picturesque 15-acre lot, this charming Cape-style home offers a rare blend of comfort, functionality, and serene outdoor living. A long, paved driveway winds through mature trees and peaceful surroundings, leading you to the home and its welcoming full front porch—an ideal spot to relax and take in the quiet setting. Inside, the home features a thoughtful layout with hardwood floors, neutral finishes, and abundant natural light throughout. The updated kitchen sits at the heart of the home and showcases a subway tile backsplash, stainless steel appliances, gas cooking, and a large peninsula with waterfall quartz—perfect for gathering and entertaining. The first-floor primary suite provides both convenience and privacy, featuring an ensuite bathroom with a double vanity. An additional first-floor bedroom offers flexibility for guests, a home office, or room to grow, while an additional full bathroom adds comfort and convenience for visitors. Upstairs, two additional bedrooms share a hall bath with a double vanity, while a spacious loft area creates endless possibilities for a playroom or additional living space. Outdoor living truly shines on this exceptional property. A large, elevated Trex deck with multiple fireplaces overlooks the expansive backyard and is ideal for entertaining or simply enjoying the peaceful surroundings. Walking paths lead to multiple tranquil ponds, complete with a dock—an incredibly rare feature that feels like your own private retreat. Adding to the property’s impressive versatility is a detached 2,700-square-foot garage/workshop with three bays, offering exceptional space for storage, hobbies, equipment, or a home-based business as well as RV hookups. A whole-home generator provides added peace of mind, ensuring comfort and continuity year-round. With wide-open views, wooded privacy, and truly unique outdoor amenities, this property offers a lifestyle that’s hard to find—private, peaceful, and full of possibility, all while remaining within easy reach of everyday conveniences.
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.
