Welcome to this exceptional 4,500+ square foot custom-built ranch home perfectly situated on a park like 3-acre lot, offering an outstanding combination of luxury, comfort, and functionality. From the moment you arrive, the professional landscaping and inviting curb appeal set the tone for what awaits inside. Step through the front door to find tons of natural light, gleaming hardwood floors and soaring ceilings. The main level features large living room, formal dining room, hearth room w/wood burning fireplace & custom-built ins and separate breakfast room. Kitchen offers 42” custom cabinets w/ crown molding, quartz tops, prep island, sink in peninsula, custom stone backsplash, pantry cabinet & separate walk-in pantry. You will have a laundry room to be envied with tons of storage & custom laundry cabinets. The main-level primary suite serves as a private retreat with separate exit to the back deck, and a spa-inspired bath featuring separate vanities, a large walk-in shower w/ custom onyx surround, and a jetted soaking tub, water closet & large walk-in closet. Upstairs, you'll find a versatile bonus room that can accommodate a variety of needs with separate heating & cooling. The walk-out lower level expands the living space with an additional family room, recreation room, a safe room, and tons of storage & second ensuite with separate attached living space, full bath & large walk-in closet. Outside, enjoy private, peaceful country views from the deck overlooking the expansive backyard. Adding tremendous value and versatility is the newer 50' x 24' outbuilding, providing ample space for equipment, hobbies, vehicles, workshop use, or additional storage. Outbuilding features concrete floors, electric, propane heat, foam insulation walls & ceilings, 10’ insulated overhead door, extra parking pad on the outside. This home also has a whole house Generac Generator, supplemental wood heat w/water furnace, an EV charger in the attached garage & all interior walls are insulated. Roof is only 1 year old. Water heater is BRAND NEW. Tranquility meets quality here in this one-of-a-kind home.
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.
