Tucked away on 1.47 peaceful acres, this charming 3-bedroom, 1-bath home is the kind of place that makes you exhale the moment you pull in-tranquil, serene, and ready for its next chapter. Whether you're searching for the perfect starter home with room to grow or a downsizing option that still gives you space, privacy, and comfort-this one checks all the boxes. Step inside and you'll immediately feel how cozy and welcoming it is, while still offering the modern updates today's buyers want. In 2025, the owners made major improvements so you can move in with confidence, including a new roof, fresh exterior paint, new front door, new appliances, and beautiful landscaping that adds instant curb appeal. Inside, you'll love the fresh paint throughout and new flooring, giving the home a clean, updated feel from room to room. The kitchen is a true highlight-featuring an open-shelving concept and a statement copper sink that brings warmth and character to the space. It's functional, inviting, and perfect for everything from weeknight dinners to coffee-and-chat mornings. Outside is where this home really shines. With nearly 1.5 acres, you have the freedom to create the lifestyle you want-a few horses, chickens, raised gardens, a swing set, a shop, or simply wide-open space to enjoy. And the backyard is already set up for your dream outdoor hangout: a newly poured concrete slab is ready for a gazebo, hot tub, outdoor dining, or a cozy fire pit area for evenings under the stars. You'll also appreciate the practical touches that make day-to-day life easier, like the mud room/dog room/laundry room conveniently located in the enclosed breezeway between the garage and the home-perfect for boots, backpacks, pets, and keeping things organized. Best of all, you get that country setting without feeling far from everything-close to Martinsville for shopping, dining, and daily essentials. Make this home your very own to make lasting memories!
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.
