Motivated sellers!! Tucked away on a quiet side street , nestled atop a private hill, surrounded by hundreds of protected agricultural acres! This thoughtfully updated, well-kept rancher with modern amenities and timeless country charm, is a one-of-a-kind property offering space, serenity, and spectacular views. Enjoy a long, paved driveway leading to a 50'x65' barn with water and electric , new roof (skylights keep the barn bright throughout the day), and gutters (2025), complete with 4+ horse stalls, grooming stall, chicken and rabbit coops (both were built into the barn and have wire going around 100% and have proven to keep foxes and coyotes out…the chicken coop has a sand/stone dust floor and at its max housed 13 hens that laid eggs year round!) electrical upgrades, security camera and Wi-Fi connectivity via a wireless bridge. The main pasture is about 3 acres , has water and electric as well as 4 gates allowing access from several locations. A smaller paddock is located behind the barn and is about a 1/4 acres. The thoughtful location/layout of the property assures you that no one will be at your fence lines feeding or messing with your animals. Down at the house you’re greeted by a two car covered carport with access to a sunroom/mudroom that leads into the kitchen. The home itself boasts a new roof and gutters, new outlets (some with USB), switches, and network cabling, plus Nest thermostats, a generator transfer switch, and doorbell cameras linked to the home chime. The home also has a HUGE unfinished basement (currently used for storage and a playroom), which could easily be finished into several bedrooms/bath. This home also has potential for an inlaw suite and is handicap accessible. Don’t let your eyes fool you from the outside, this house is surprisingly large/spacious!! Outdoors, entertain under a covered patio with skylights and ceiling fans, or relax by the inground pool with a new liner (2021) and pump (2024). Raised/mature gardens, a front gate, floodlights, and security cameras enhance both beauty and peace of mind. Whether you're riding horses, 4-wheelers, or simply soaking in the quiet, this property offers unmatched freedom and functionality and versatility! Additional features include: RV/EV charging outlet New Well pump and radon mediation system , Updated Dishwasher, washer/dryer, stovetop/range New Chimney flue liner for wood stove Wi-Fi access points in house and barn,Outlets and lighting in run-in/shed. Located just minutes from Bel Air’s shopping, schools, and top-rated restaurants, this private retreat is truly a must-see!!
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.
