Discover the perfect blend of space, comfort, and country charm with this exceptional 4-bedroom, 2.5-bathroom two-story home situated on just over 2.7 private acres. Built in 2006, this beautifully maintained residence offers 2,829 square feet of heated living space and an impressive 5,538 square feet under roof thanks to a massive porch addition—ideal for entertaining, relaxing, and enjoying peaceful views of your own backyard retreat. The current homeowners have taken meticulous care of the property and have made numerous updates and additions, including beautifully renovated kitchen and bathroom spaces that enhance both style and functionality. Inside, you’ll find warm bamboo and engineered hardwood flooring that flows throughout the main living areas, creating a timeless and inviting atmosphere. The spacious layout provides flexibility for both everyday living and hosting guests, with generously sized bedrooms and thoughtfully designed common spaces. Step outside and experience everything this property has to offer. Enjoy approximately 100 feet of water frontage along your private pond—perfect for quiet mornings, fishing, or simply unwinding by the water. The expansive acreage offers room to roam, garden, or expand, and even includes a chicken coop for those seeking a touch of homestead living. Car enthusiasts and hobbyists will appreciate the rare 4-car garage, providing abundant space for vehicles, storage, or a workshop. Additional features include a durable shingle roof, septic system, and dual HVAC units for efficient climate control throughout the home. With its generous square footage, scenic pond frontage, and versatile outdoor space, this property delivers the privacy of country living while offering all the modern comforts you need. Don’t miss the opportunity to make this one-of-a-kind property your own.
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.
