YOU WON'T BELIEVE WHAT THIS HOME HAS TO OFFER... READ TO THE END!! This Oakridge Ranches home is beautifully upgraded and delivers the serenity of rural living without sacrificing modern comforts. Whether you're dreaming of a horse property, a hobby farm, or just some wide-open space to breathe, this Oakridge Ranches retreat has the freedom you’ve been craving. Behind the gated entry, a charming front porch invites you to slow down and savor your morning coffee in the quiet stillness of nature. Inside, the open-concept layout makes the most of the view, with high-end laminate flooring, crown molding, and a spacious great room that spills effortlessly into the gourmet kitchen. Here, you'll find granite countertops, upgraded cabinetry, a coffered ceiling, stainless steel appliances, built-in trash storage, and plenty of cupboard space. The primary suite is privately tucked at the back of the home and feels like a true escape with its large soaking tub, walk-in shower, dual vanities, coffered ceiling, and walk-in closet. Two additional bedrooms and a full guest bath (with an unused shower!) provide comfortable accommodations for guests and family. Outside is where this property really shines. A massive 47' x 15' aluminum patio cover with recessed lighting and outlets covers a 60' x 15' concrete patio—ideal for outdoor living. You’ll also find a 20' x 24' metal garage/workshop, a 9' x 15' storage shed on a concrete RV pad (with dump station), sidewalks that wrap the entire home, two cargo containers (40' and 20'), and three 10-foot access gates enclosing the fully fenced quarter-acre yard. The property also boasts a permanent foundation (concrete slab with 40” crawl space and drainage), an upgraded 200-amp electrical panel, and an emergency backup generator system that powers everything but the A/C and well. A 3-stage water filtration system with 20” x 4” filters is located under the home, with a 2-inch water line running from the well to the rear yard. The water system is robust, with a remarkable 150-gallon-per-minute well, a 5,000-gallon water tank, and an additional 1,500-gallon poly tank for backup. A 1,200-gallon concrete septic tank also serves the home. And, if you're looking to expand, there is a separate 120’ x 70’ graded pad is ready for horses, animals, or your next big idea. This home is a lifestyle...one with sunsets, starry skies, and space to grow.
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.
