Spacious, Feature-Packed Home with Bonus Space & Rural Charm. This beautifully maintained 5-bedroom, 3.5-bath home with a 3-car garage offers the perfect blend of comfort, functionality, & peaceful country living. Situated on a fully fenced and landscaped 1 acre parcel with a circular driveway, this home is designed for both everyday living and entertaining. Step inside to an inviting open & split floor plan featuring a wood stove, pellet stove, updated lighting and fixtures, and dual-zone central gas heat and A/C. The open-concept kitchen is a true centerpiece with gorgeous cabinetry, Corian countertops, gas range, and 2 large pantries, making it ideal for gatherings and daily living alike. The home also includes a tankless water heater and whole-house filtration system... New roof 07/2023 transfers GOLD Plan Warranty to new BUYER, freshly painted interior. Every bedroom offers walk-in closets and direct bathroom access, creating comfort and privacy for everyone. A versatile 939 sq. ft. bonus space provides endless possibilities for a game room, or additional living area. Bonus large theater room and bonus office or nursery to suit your lifestyle needs. Outside, enjoy a pergola, irrigation system with automatic timers, and fruit-producing apple and pear trees. The property includes a walk-in chicken coop and three additional outbuildings, perfect for hobbies, storage, or homesteading. Relax on the patio and enjoy the beauty of nature as deer and elk frequently wander by, offering a peaceful retreat while still providing modern conveniences. Endless parking options, double gate for back yard access. No HOA! Evening on patio watching the sunset and a sky filled with stars after a long day. This one-of-a-kind property is a must see!!
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.
