This is what dreams are made of!! 5 acres in the Germania Section of desirable Galloway Twp!! 30X40 Pole Barn Raised Garden Bed area Fenced in area for pets 3118 square foot home with options galore!!! Comfortable yet sophisticated! Welcome to a new lifestyle! Set back on an inviting lot with room to roam!!! The main floor of the home is an entertainers dream with the main living space offering a built in bar and game area for hours of fun! The vaulted ceilings and open concept floorpan with builtin solid wood shelving and plenty of natural light make this a comfortable and relaxing space. The wood stove heats both the main level and upstairs! The way the home is set up allows for a natural flow from the main living area to the expansive deck back into the home through the kitchen allowing guests to stay connected but also gives everyone room to move around and enjoy a game of darts or move outside to relax and enjoy the beautiful scenic landscape! The upgraded and stylish chef's kitchen features quartz countertops, cabinetry from the Fabuwood Collection, built in additional storage with a beverage fridge. Open kitchen with dining area and plenty of room to work in the kitchen while entertaining guests is the heart of this home and will bring years of memories! The main level also features a bonus room with space for a gym or another family room. There is also plenty of room for an additional sleeping area with the office space which is conveniently located on the main level. This space has builtin wood shelving and also features a closet so it could be your 5th bedroom as well! The upstairs level features 4 total bedrooms. The Primary bedroom features a large walk in closet and its own bath. The additional 3 bedrooms are spacious (see the floor plans for measurements). This level also has a full hall bath and is completed with a loft area for your reading nook or additional Zen space! This home is versatile for the growing family. Time to walk outside and enjoy your 600 square foot multi tiered deck with plenty of room to gather and enjoy those summer days watching the kids run around and play! Custom stamped concrete EP Henry patio and built in fire pit. The 30 x 40 massive pole barn with water and electric panel allows for multiple uses including room for classic cars, workshop, storage and features 2 access doors, concrete surround, room for a boat/RV. It can also accommodate a lift for the serious car enthusiast! The 40 x 50 raised garden area has water and electric. The home features solar panels for extra savings! This is your forever home! Attic storage, newer roof (7years), Anderson Windows and slider doors. The owners installed new dual HVAC units and upgraded to a tankless water heater and upgraded electric panel! There is plenty of parking for all of your guests too!! This home is truly a show stopper!! A MUST SEE!!! Loft photo is digitally enhanced to show what you could use it for and the grass has also been digitally enhanced. The fireplace in kitchen has not been used by the current owners.
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.
