Price just reduced to $765,000! Recent appraisal 2026 @ $800,000 — motivated sellers! Beautiful 2021 updated home surrounded by 34+ acres of beautiful, flat farmland, this Bowling Green estate offers sweeping views, exceptional privacy, and a serene rural backdrop. A long private driveway creates an elegant sense of arrival, leading to a residence designed with comfort, connection, and understated sophistication. Inside, the open‑concept layout flows effortlessly between living spaces, highlighted by a warm wood‑burning fireplace that serves as a timeless focal point for intimate gatherings and relaxed evenings. The expansive acreage is the true hallmark of the property—scenic, versatile, and remarkably peaceful. Currently home to chickens and cattle, the land supports a wide range of elevated lifestyle possibilities, from agricultural ventures to equestrian use, recreational enjoyment, or simply the luxury of owning uninterrupted countryside and breathtaking sunsets across your own fields. The surrounding area enhances the estate’s tranquility with thoughtful conveniences. A nearby farmer’s market provides access to fresh, locally sourced goods, while dining options such as Los Dos Amigos offer easy, close‑to‑home enjoyment. Despite its quiet setting, the property remains comfortably connected to regional travel routes and everyday amenities, creating an ideal balance of seclusion and accessibility. Altogether, this estate presents a rare opportunity, and the beauty of open land—a lifestyle defined by privacy, and the freedom to create your own vision!
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.
