PRICED TO SELL. Fall in love with One Level living in this Garden Lover's Paradise set among the Blue Ridge Mountains. If you value privacy and outdoor living as much as a comfortable home, this cabin oasis is for you. Sellers made this the ultimate Homestead and supplied a Farmer’s Market with multiple working Organic Gardens cultivating vegetables, grapes almost every fruit tree you can imagine - Peaches, Blackberries, Blueberries, Strawberries. Property even has a Garlic patch and a small vineyard with juicy Concord grapes! Screened porch perfect for enjoying the beautiful breezy summer days and nights. So much room to expand on this stunning lot! With an additional 10x20 workshop - keep it as is or put in a little sweat equity and convert to a secondary living or recreation/bunk space by adding power + A/C. Firepit with new cooking insert is another outdoor living space to entertain friends and family! Three beautiful bedrooms adorned with knotty pine walls and flooring, ceiling fans, sizeable closets and each with its own flat screen TV. Master bedroom sports 3 closets - one is a huge walk-in with plenty of room to spread out as well as a double vanity in the Master Bath so no worries about the shared space. The Great Room features new French doors that open to an oversized sun deck, a Stacked stone fireplace strong enough to heat the whole house and vaulted ceiling that carries through to the separate Dining Room with quaint decorative (only) old-timey stove. This Chef's kitchen includes new stainless-steel appliances by Frigidaire and GE, custom built 8' wood bar can be used in the Kitchen for extra counter space or in the garage for your tools and extra shelving. So many thoughtful extras - new countertops, tall pantry for all your favorite culinary delights, metal hanging pot rack to save cabinet space, recessed lighting, speaker system and motion detectors ready for hookup, rustic decorations and bear ornaments throughout the cabin give this unique property a special touch that makes you feel at right at home. Secondary bathroom has new "life proof" waterproof flooring that continues into the laundry closet. New gravel driveway, beautiful landscaping, flat yard perfect for recreation and entertaining. Oversized garage with new epoxy floor perfect for folks who have car or tinkering hobbies! Great neighbors, and just a hop skip and jump to downtown Blue Ridge. Exceptional value for all the extras! Call today for a private tour and to see why Pine Lane is the best kept secret in all of Mineral Bluff!!
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.
