Welcome to your own private slice of North Florida paradise. Nestled on 6.32 acres in beautiful Lake City, this one-of-a-kind property offers the perfect blend of peaceful country living, functionality, and room to grow. Whether you’ve been dreaming of a hobby farm, multigenerational living, or simply having space to spread out, this property delivers. Bring your horses, chickens, dogs, and all your outdoor toys. Spend your days exploring the established ATV trails, tending to your garden, or simply enjoying the privacy that only acreage can provide. The barn includes endless possibilities, restore it for livestock, create the workshop you’ve always wanted, or customize it to fit your lifestyle. Multiple outbuildings, an electric gated entrance, and ample parking make storing boats, RVs, trailers, and equipment effortless. Step inside to discover a thoughtfully designed home featuring an open-concept floor plan and accessibility enhancements that provide both comfort and convenience. The spacious great room flows seamlessly into a well-appointed kitchen with granite countertops, abundant cabinetry, and generous workspace, perfect for preparing meals while staying connected with family and guests. The primary suite features accessibility-friendly design elements, creating a comfortable retreat at the end of the day. When family and friends come to visit, there’s plenty of room for everyone, including space to park an RV right on the property. One of this property’s most unique features is its layout. While the homesite provides a comfortable everyday setting, the acreage extends well beyond what first meets the eye, wrapping behind neighboring properties to showcase even more usable land, privacy, and future potential. Whether you envision additional structures, expanded gardens, recreational space, or creating your own family compound, the possibilities are truly endless. After a day spent outdoors, unwind beneath the covered back porch with ceiling fans and outdoor television, soaking in the peaceful surroundings that make this property feel like a retreat. If you’ve been searching for the perfect homestead, hobby farm, family compound, or simply a place where life slows down and memories are made, you’ve found it. Schedule your private tour today and experience everything this exceptional property has to deliver.
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.
