Nestled on a sprawling 5.9-acre farmette, this 1972 split-level home features 4 bedrooms, 3 full bath offers harmonious blend of luxury and comfort. The interior features an expansive open kitchen, family, dining area with picture windows that invite the beautiful outdoor landscape into the home. Create culinary feasts with stainless steel five burner gas stove, French door refrigerator, dishwasher and built-in microwave. Stylish soft blues create a stylish backsplash compliments the wrap around butcher block counters. Check out the newly installed tub/shower and vanity in the hall bath as to head toward the primary suite. A sanctuary unto itself with windows overlooking the side and rear landscape, access to the rear covered porch with perfectly appointed bathroom and oversized custom built walk-in dressing closet . The lower level adds warmth to the family room area with wood burning brick fireplace, along with custom artistic mural that will inspire the kids and adults alike. Two more bedrooms (or office), full bathroom with walk-in shower and amazing laundry room with fabulous tile flooring round out the lower level of the home. Outside extensive hardscape is complemented by lush lawn and landscaping, a built-in BBQ grill, outstanding covered deck off of the primary suite, playground for the kids all surrounded by expansive serene views. For animal enthusiasts, this property boasts three fenced paddocks, three stall barn, chicken coup, year round water access at the barn, full irrigation system with seasonal spigots throughout the property. Two sheds are included to hold all of your outdoor tools and gardening treasures that help build upon the idyllic setting. Walking paths around the 5+ acre property, large open area for all type of sports, hidden retreat for meditation or upscale playhouse, treehouse/deer stand, all may be found across the across the quaint bridge. Conveniently located with easy access to major routes, this home offers the perfect balance of privacy and accessibility. The attached side-entry garage and ample driveway parking ensure that you and your guests will always have space. This remarkable property is not just a home; it's a lifestyle. Experience the tranquility of country living while enjoying the modern comforts and high-end features that make this residence truly special. The property lines shown in the pictures are approximate and not provided by a survey. Property includes lot 3.02 and lot 3.01 in block 4108 and is a designated AE flood zone.
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.
