Welcome to your dream homestead! Nestled on 5.99 level acres in Belfast, this 2020-built single-level home blends modern comfort with country charm. Offering 4 bedrooms, 3 full baths, and 2,105 sq. ft. of living space, it’s thoughtfully designed with an open concept layout and countless extras. Inside, you’ll find real hardwood flooring, soaring ceilings, and a cozy wood-burning fireplace anchoring the living area. The kitchen features a large island, stainless appliances, and a hidden pantry—perfect for both daily living and entertaining. The spacious primary suite boasts double vanities and a tiled shower, while the additional bedrooms include generous walk-in closets. A dedicated office and utility room add function and convenience. Step outside to enjoy a property set up for both relaxation and productivity. The land is fully fenced and cross-fenced, bordered by a creek, ready for horses or livestock. A 12’x46’ horse barn with tack room and chicken coop provides everything you need for animals, while the impressive 30’x40’ shop with 15’ roll-up doors is ideal for storage, hobbies, or a home-based business. Covered porches and a private back patio make the perfect spots to unwind and take in the quiet Tennessee setting. Additional highlights include an attached 2-car garage, extra closets, high-speed internet, city water with private sewer, and no HOA restrictions. Located just minutes from Lewisburg and Fayetteville, this property offers the best of both worlds—peaceful country living with modern amenities close by. 2380 Fayetteville Hwy is waiting for you to make it home.
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.
