LOCATION, LOCATION, LOCATION - PRICED TO SELL! Some homes are move-in ready. Others offer something even harder to find—location, character, and the opportunity to create value.Tucked away on a quiet corner lot just under 1/3 acre and backing directly to greenbelt space, this 1,984 sq. ft. log cabin is one of those opportunities. Surrounded by towering pines and natural beauty, the home features 3 bedrooms, 2 bathrooms, and a spacious den, offering plenty of room for family, guests, a home office, or recreation space. The covered front porch provides the perfect setting to enjoy peaceful mornings, cool mountain evenings, and the privacy that makes Pine Mountain Club so desirable. This is not a fully renovated cabin—and that's exactly where the opportunity lies. For buyers willing to bring their vision, this property offers the chance to create a truly special mountain retreat while building equity in one of Pine Mountain Club's most sought-after settings. With its greenbelt location, generous floor plan, and authentic log cabin character, the foundation is already here. Whether you're searching for a weekend escape, full-time residence, or investment property, you'll appreciate the combination of privacy, square footage, and proximity to the Village. Additional features include crawlspace storage, a detached shed, and PMCPOA membership with access to golf, tennis, swimming, fitness facilities, and the clubhouse. Greenbelt properties are among the most sought-after homes in Pine Mountain Club, and opportunities to purchase one with this much potential are becoming increasingly rare. If you've been waiting for the chance to transform a cabin into your own mountain retreat, this may be the one worth seeing. This diamond in the rough offers a rare opportunity, secure the location first and make improvements over time. Don't miss your chance to see it in person. Schedule your showing 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.
