Perched at the end of the road high on a mountainside, this stately home offers unmatched privacy on 18 breathtaking acres. Surrounded by nature, the property is a true retreat with exceptional outdoor living. Relax in the jacuzzi, unwind on the rocking chair front porch or screened back porch, and gather around the stone fire pit while taking in tranquil mountain sunrises and sunsets. Explore terraced gardens, hike scenic trails, or ride an ATV along the path that winds throughout the entire property. Originally built by a contractor as his forever home, this residence was constructed with quality and durability in mind—truly overbuilt to stand the test of time. Inside, the impressive living room welcomes you with soaring ceilings, custom built-ins, a cozy wood stove, and abundant natural light from skylights above. The dining area flows seamlessly from the living space and connects to a beautifully appointed kitchen featuring custom slate tile countertops, cherry cabinetry, a breakfast bar, and stainless steel KitchenAid appliances. A convenient laundry room/pantry is located just off the kitchen. The main level also includes a half bath and a spacious primary suite with a luxurious bath, double vanity, and extensive tile work. Upstairs, you’ll find two additional bedrooms, a full bath, and a versatile office space—all with stunning views from nearly every room. The finished basement offers a bonus room and a half bath, along with an oversized two-car garage and ample storage. Additional features include wiring for a generator, with a portable generator included. At the base of the paved driveway, a private 24x36 detached garage provides even more flexibility, it could be used as a potential second living quarters—perfect for guests, rental income, or multi-generational living. All of these features and privacy and you are only 4.6 miles from Main Street Brevard and all of it's shopping and dining. This home 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.
