Discover the allure of country living at its finest in this charming, meticulously updated Cape Cod nestled on approximately 5.7 acres at 2801 N State Route 72 in Sabina, Ohio. With 3 spacious bedrooms, 2.5 modern baths, and about 2,700 square feet of thoughtfully designed living space, plus an attached 2-car garage, this home welcomes you with open arms to a lifestyle of comfort, convenience, and endless possibilities. Step inside to warm, gleaming hardwood floors that flow seamlessly through the main level, leading to a showstopper kitchen that’s been fully remodeled with luxurious granite countertops, a generous center island perfect for gatherings, custom cabinetry for ample storage, a stunning tile backsplash, and top-of-the-line stainless steel appliances. Adjacent updated baths feature sleek vanities, contemporary fixtures, and fresh flooring, while the custom mudroom/laundry room keeps everyday chaos at bay with smart built-ins and organization galore—imagine coming home to this effortless flow every day. Rest easy knowing the home’s essential systems have been upgraded for reliability and peace of mind: a brand-new well pump, new water pressure tank, and an enhanced leach field ensure smooth, dependable performance for years ahead. Venture downstairs to the partially finished full basement, a versatile haven ready for your vision—transform it into a cozy family room, energetic play space, home gym, office, or creative hobby area, with plenty of unfinished storage to tuck away life’s extras. Outside, the charm truly unfolds across the expansive acreage, where newer front and rear decks beckon for morning coffee, sunset dinners, or lively barbecues with loved ones. Don’t miss the versatile chicken coop, compost area, and garden shed complete with dual storage and a loft—ideal for budding homesteaders, avid gardeners, or anyone craving that fresh-air freedom. Pictures taken in the summer, schedule a tour today to see its winter beauty and charm.
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.
