Welcome to this modern farmhouse tucked inside the gated Rustic Oaks community, where a spacious half acre corner lot and thoughtfully designed floor plan offer room to spread out and feel at home. With 3 bedrooms, 2 and a half bathrooms, an upstairs bonus room, and an oversized 4 car garage, this home offers space to gather, unwind, and make yourself at home. The extended covered front porch sets the tone for this home, creating a welcoming spot to slow down and enjoy quiet evenings. Inside, real hickory hardwood floors, natural light, and custom details create a warm feel that carries throughout the home. The living room features soaring vaulted ceilings with exposed beams and a fireplace that anchors the space, flowing seamlessly into the kitchen and dining area. Designed for gathering, the kitchen offers quartz countertops, upgraded appliances, floor-to-ceiling custom cabinetry, a large center island with seating, and a butler pantry with exceptional storage and prep space. The spacious primary suite features beam accents and an en suite bath with dual vanities, a frameless glass shower, freestanding soaker tub, and oversized walk-in closet with built-ins. Two additional bedrooms are located downstairs, while the upstairs bonus room offers flexibility as an optional fourth bedroom, game room, office, or second living space. Additional features include a tankless hot water heater, extra spray foam insulation, solar-tinted downstairs windows, sprinkler system, city water, and aerobic septic replaced in 2024. Step outside to the extended covered back patio overlooking the spacious backyard with mature trees and room to spread out. Located just half a mile from the elementary school. Schedule your private tour today!
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.
