Set on approximately 2.3 fully fenced acres, this beautifully renovated property offers a rare blend of modern interior updates, usable land, and versatile outbuildings. The home features 4 bedrooms and 3.5 bathrooms and has been thoughtfully renovated throughout. Inside, you’ll find new wood-look tile flooring running throughout the home, creating a clean, cohesive design that is both durable and low maintenance. The kitchen was completely renovated, now featuring new soft-close cabinetry, quartz countertops, stainless steel appliances, and a farmhouse sink. The redesigned space offers generous prep areas and modern finishes suited for both everyday living and entertaining. Beyond the home, the property includes multiple detached structures designed for flexibility and utility. A detached one-car garage with an attached storage room provides space for tools and equipment. A large wood-frame building offers room for approximately 6-8 vehicles, making it ideal for workshop use, vehicle storage, or hobby space. This building also includes a tack room with bathroom, along with two horse stalls attached to the rear, supporting equestrian use or agricultural needs. The fully fenced acreage provides open space for animals, equipment, recreation, or future customization while maintaining privacy and separation from neighboring properties. With modern renovations inside and highly functional structures outside, this property offers a unique opportunity for buyers seeking space, flexibility, and move-in-ready living on acreage. ***This property is full of potential: A small homestead? Easy... A workshop or hobby space? Already built... A place to bring your animals? Stall and coop-ready... A home where you’re not restricted by an HOA? Finally...*** And best of all: you get the peace and privacy of the countryside without sacrificing access. You’re just minutes from The Villages, giving you top-tier convenience with the feeling of being worlds away.
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.
