BRING OFFERS! MOTIVATED SELLERS due to recent job relocation. Well maintained Home on 8.86 Acres is a true nature lover/sportsman's paradise far out in the peaceful country with yet the comfort of 10 minutes to restaurants, shopping, medical offices, and more! Have breakfast or family cookouts out on your 12x 54' deck overlooking a park like setting with gorgeous lake views surrounded by a forest of beautiful trees and wildlife. Private spring fed lake fully stocked & ready for nights around the firepit or grab your boat from the lakeside shed for an afternoon of fishing. Enjoy nature walks or ATV riding the road trails throughout the woods. Many great spots for tree blinds & food plots. Home has 2 master bedroom suites one on main level and another in finished basement which also has a large family room w/ walk out basement. This home offers 4 Full Bathrooms, 3 Bedrooms, a Bonus Room or possible 4th bedroom and walk in closets. Master bedrooms have double sinks, one a wide walk in shower and another with a large garden tub and walk in Tiled shower. Enjoy the lakeviews of wildlife from your windows as you prepare your meals in a beautiful spacious kitchen. Updated granite kitchen countertops, travertine backsplash, new sink, disposal, and faucet. Electric 100 amp service line improvement to basement box. 200 amp service to the barn. Generator 22kw, Fiber Optic Internet, 2 large car attached garage w Gator Guard garage floor seal coating. Heated Quonset hut style building w office shop, electric ran in and concreted floors w a Loft for storage and also a carport-storage combo for lawnmowers and equipment. There's even a She Shed for projects with electric wired in. Curtains & Rods stay along w Flagpole, Grass sweeper, Jon Boat w Minkota trolling motor, Fish cleaning table, Barn Fridge, Blue sit in Kayak, Pool Table and Extra Large Liberty Gun Safe included! CITY WATER & Septic. Look no further for a property that suits your needs.Please give 2 hr notice for showings.
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.
