THIS IS THE KIND OF PROPERTY PEOPLE WAIT FOR. Set on 1.6 acres of HORSE PROPERTY, this property offers space, freedom and the ability to truly live differently. The 2 bed/2 bath, 1,470 SF main home is full of charm with a remodeled kitchen, updated flooring, remodeled bath, vaulted ceilings and an adorable LOFT with a truly impressive storage closet. Major upgrades are already done including NEW ROOF (2021), OWNED SOLAR, HVAC (2020). The DETACHED 1,200 SF Garage, built in 2022 features a FULLY EQUIPPED 600 SF CASITA with kitchen, bath, bedroom, living space and washer/dryer. The main home has a 2+ car covered parking. Also included is a 14x14 shed and 6 HORSE STALLS, completing the setting. Adjacent property is also for sale for those wanting to create a multi-family situation! Some properties check boxes. This one creates a feeling. From the moment you arrive, there is a sense of space that is hard to explain until you experience it. Open skies, room to move, and a quiet that feels different from anything in a typical neighborhood. This is where life slows down in the best way. The main home has a warmth to it that immediately feels comfortable. Vaulted ceilings, natural light and thoughtful updates make it both functional and inviting. The kitchen has been remodeled, the finishes are updated, and the loft adds a layer of character you simply do not find every day. It is the kind of space that becomes whatever you need it to be, with a massive storage area that just makes life easier. But what truly makes this property special is everything beyond the front door. The detached garage and casita open up an entirely different way of living. Whether it is a place for family, a private retreat for guests, a rental opportunity, or a dedicated workspace, it gives you options that most properties simply cannot offer. It is separate, complete, and ready to be used in whatever way fits your life. Step outside and you start to understand the real value here. The land. The freedom. The ability to have horses, build out your vision, or simply enjoy the privacy and space around you. Mornings feel calmer here. Evenings feel more peaceful. There is a rhythm to this kind of living that is hard to replace once you have experienced it. And then there is the peace of mind. A new roof in 2021, OWNED solar powering the property, and HVAC replaced in 2020. The big items are already done so you can focus on enjoying what you have. For those who see the bigger picture, the adjacent property is also available. Opportunities like this, to expand, create a compound, or secure additional land next door, are incredibly rare. This is not just a home. It is a lifestyle. And it is one that is getting harder and harder to find.
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.
