WELCOME TO YOUR COUNTRY RETREAT! This stunning property is a harmonious blend of functionality, recreation, and serene rural living, making it a truly exceptional find. Spanning an incredible 88 acres (+/-) of fully fenced and cross-fenced land, it boasts sweeping views, offering a breathtaking canvas for a myriad of possibilities, including ranching, livestock raising, recreational pursuits, or simply basking in the tranquility of country life. Thoughtfully designed for both productivity and relaxation, this property is well-equipped for cattle operations and agricultural endeavors. It features a cattle-working pen, a barn, and a pig pen with shelter, plus an additional shed for equipment storage or a versatile workshop. The land itself is rich with usable pasture, complemented by two picturesque ponds that not only enhance the property's beauty but also serve practical purposes for livestock and wildlife. Beyond the impressive land offerings, the outdoor amenities elevate this retreat above the rest. Envision yourself unwinding in the evenings while overlooking the rolling countryside, courtesy of an extraordinary inground saltwater pool with a waterfall, designed for year-round enjoyment and equipped with heating and cooling systems. This captivating outdoor space is the perfect setting for entertaining friends and family or simply relaxing after a long day, allowing you to soak in the peaceful ambiance and enjoy breathtaking sunsets that paint the sky. With ample room to explore, panoramic views that captivate the spirit, and a setup that perfectly balances the needs of livestock with leisure, this property is a gateway to creating the lifestyle you've always envisioned. Whether you seek a working ranch, a recreational sanctuary, or a private escape from the hustle and bustle of daily life, this one-of-a-kind property offers the space, amenities, and flexibility to transform your dreams into reality. Call today to schedule your private tour!
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.
