Welcome to 3363 Powers Rd, a beautifully updated property offering the perfect blend of modern improvements, usable acreage, and peaceful country living on approximately 2.8 acres. With major updates already completed, this move in ready home provides the space, functionality, and versatility today’s buyers are searching for. Recent improvements include a new furnace and central air in 2025, durable metal roof in 2025, updated kitchen and dining area in 2025 featuring brand new countertops installed in April 2026, renovated living room in 2023, updated guest bathroom in 2024, and brand new carpet installed in April 2026. A Kinetico water softener installed in 2021 adds everyday convenience and efficiency. Step outside and enjoy over 1,500 square feet of newly renovated deck space completed in 2025, ideal for entertaining, relaxing, hosting gatherings, or enjoying peaceful sunsets overlooking the property. Tile drainage improvements completed in 2025 further enhance the usability and functionality of the land. One of the standout features of this property is the impressive 26x45 pole barn with 10 foot walls, offering endless possibilities for storage, hobbies, workshop space, recreational vehicles, equipment, or future projects. The approximately 2.8 acres provide room to garden, explore, entertain, or simply enjoy the privacy and open space that is becoming harder to find. If you have been looking for a property with meaningful updates, outdoor space, and flexibility for a variety of lifestyles, 3363 Powers Rd deserves a closer look.
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.
