Bring your horses home to this private and perfectly set up home. Sitting on 4 acres with 2 pastures, run-in shelter and shed row barn, your horses care will be at your fingertips. The barn features a 7x47 covered area, 2 stalls, enclosed tack/feed room and 3rd bay for washing, hay storage, or 3rd stall if desired. A solar powered shed also sits on the property for additional storage or create a separate feed room. The 2,200-square-foot home is just as impressive. A welcoming rocking chair front porch sets the tone before you even step inside. Once through the door, you're greeted by a bright, expansive open floor plan filled with natural light and oversized windows. A cleverly hidden sliding farmhouse door reveals a mudroom complete with built-in bench seating and cubbies. Perfect for keeping boots, gear, and everyday essentials neatly organized and out of sight. The kitchen was designed for someone who truly loves to cook. Stainless steel appliances, abundant cabinetry and extensive storage mean there's a place for everything from everyday cookware to every gadget in your collection. Custom built-ins in the dining area include a built-in wine refrigerator, creating a perfect setting for gatherings and entertaining. Behind the kitchen, a spacious 7 x 19 laundry and pantry area adds even more functionality. With cabinetry, countertop workspace, a utility sink and hanging space for air-drying clothes, this area keeps your kitchen clutter-free while providing room for small appliances and extra storage. The home offers three bedrooms and two bathrooms, all designed with practical storage solutions to keep spaces organized. The primary suite features a spa-like bath with a soaking tub and separate shower, creating a comfortable retreat at the end of the day. Need additional living space? The nearly 900 square-foot walk-up attic is ready for your vision. Finish it into a bonus room, office, studio, or keep part of it as generous storage. Out back, the lifestyle continues. A large entertainment-ready deck with hot tub makes the perfect place to unwind after a day in the barn. The fenced backyard provides a secure space for pets to run and enjoy the outdoors. Opportunities to own a budget friendly move-in-ready equestrian property with this level of thoughtful design, privacy, and functionality do not come around often. If you've been waiting for the right horse property this may be the one that checks every box.
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.
