Welcome to the kind of property buyers wait years to find — a beautifully updated private retreat on nearly 2 acres just outside of Highland, offering the perfect balance of peaceful country living and convenient access to everything town has to offer. Property is OUTSIDE CITY LIMITS - burning on property permitted, as well as having chickens and live stock (in limited quantity). Contact Madison County or Listing Agent for details. Tucked among mature trees and open skies, this all-brick ranch delivers the space, privacy, and lifestyle today’s buyers crave. From quiet mornings overlooking the countryside to evenings spent poolside under the stars, every inch of this property was designed to feel like home. Set on 1.88 acres with approximately 1 acre fully fenced in black aluminum fencing, the outdoor space is truly exceptional. Mature pecan and maple trees provide shade and beauty throughout the property, while the newly added saltwater inground pool creates your own private backyard oasis — complete with surrounding patio space, cover, and included furnishings. Whether you're entertaining guests, hosting summer cookouts, or simply unwinding after a long day, this property offers the kind of outdoor living that’s hard to find. Inside, the home has been extensively updated with a clean, modern feel while still maintaining warmth and character. The spacious living room features a cozy fireplace and updated luxury vinyl plank flooring installed over the original hardwoods, giving buyers both durability and future flexibility. Fresh paint, updated trim, lighting, and refinished interior doors create a move-in-ready experience from the moment you walk through the door. The completely refreshed kitchen is a standout feature, showcasing refinished cabinetry, quartz countertops, ceramic tile flooring, stainless steel appliances, and functional pocket doors. Just off the kitchen, the breakfast room offers peaceful views of the surrounding property — the perfect place to start your morning coffee routine. The thoughtfully redesigned main level now offers three oversized bedrooms with generous closet space and versatility for families, guests, or work-from-home living. The full bath includes dual vanities and an updated tub/shower combination designed for everyday comfort. Downstairs, the nearly finished lower level dramatically expands the home’s living space and possibilities. A massive recreation room creates the perfect setting for movie nights, game days, hobbies, or entertaining. The lower level also features a huge bonus room with a walk-in closet and full bath ideal for guests, multi-generational living, or a private suite setup. Additional spaces include a dedicated office, second bonus room, utility space, and abundant storage. Practical upgrades continue throughout the property, including a new asphalt driveway (2021), roof replacement (2020), oversized gutters, storm door, attached oversized two-car garage with workshop space, and a functional mudroom breezeway. Fiber internet availability makes remote work and streaming seamless, while the propane tank — currently approximately 70% full — is included for the new owner at no additional cost. Properties like this rarely come available — offering acreage, privacy, extensive updates, and a true lifestyle setting just minutes from Highland’s shopping, dining, schools, and conveniences. If you’ve been searching for a forever home with room to breathe, space to entertain, and the peace of country living without sacrificing convenience, this is the one. Appraisal completed April 2026 and met $390,000.
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.
