The peace and privacy you've been looking for. Never before offered on the market, this ranch home is situated atop park-like, picturesque acreage. The long, winding driveway is a standout feature on its own. The creek welcomes you onto the property and is lined with cascading tiers of periwinkle. As you make your way up to the home, through the steel farm gate, hardwoods and wild ferns envelop the driveway. The home features mature landscaping all around. The gently sloped back yard has been thoughtfully terraced with rock for both beauty and function. Take in the views of nature and abundant wildlife from the expansive back deck, screened-in porch and covered front porch. Hickory hardwood floors flow throughout the main level. The living room features a vaulted ceiling and a vintage mantel surrounding the gas fireplace. The chef’s kitchen is designed to be the heart of the home with an island with ample storage and a storage/pantry/display built-in. The kitchen features updated Café and Samsung appliances. The Jenn-Aire cooktop is conveniently located in the island. French doors lead to the deck and screened-in porch. The Primary bedroom features French doors leading to its own rear deck. The Primary bathroom, renovated March 2026, to include a frameless shower and custom walk-in closet. Two additional bedrooms adorn the main level, both with custom closets. A renovated (March 2026) full bathroom features a double vanity and tiled in shower/tub combo. The finished basement features a bonus space, an optional fourth bedroom with closet, a full bathroom perfect for a dog washing station and a huge laundry room with custom shelving and cabinetry and a built-in ironing station. The two-car garage has new garage motors and a new Craftsman organization system. The property features a three-car detached garage with power. Built-in storage shelving and metal cabinetry make this a perfect space for hobbies, toys and tools! Walking/ATV trails line the property. Owner/Agent.
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.
