Enjoy the freedom of country living while still being just minutes from town, shopping, and dining!! From the moment you step inside, you are welcomed by beautiful flooring and soaring vaulted ceilings that create a warm, open feel throughout the home. With 8 bedrooms and 4 bathrooms, along with multiple living spaces including a living room, family room, and game room, there is a natural flow that gives everyone their own space while still feeling connected. The kitchen is thoughtfully designed with stainless steel appliances and opens seamlessly to the main living areas with vaulted ceilings, making it perfect for everyday living or gathering with friends and family. Downstairs, the primary suite offers a cozy bay window sitting area, along with a truly one of a kind feature, a hidden artillery room that adds both character and a sense of intrigue. Step outside and you will find one of the most special parts of this property. The expansive deck offers sweeping views that feel endless, the perfect place to sip your morning coffee, watch the monsoon storms roll in, or take in those breathtaking sunset evenings. The fenced yard adds both functionality and peace of mind, offering space for pets, play, or simply enjoying the outdoors. Built with a red iron frame, this home is not only beautiful but incredibly durable, giving you lasting strength and stability for years to come. The oversized garage provides a generous work area for projects, storage, or hobbies, while the apartment above, complete with a mini split system and bathroom, offers incredible flexibility for guests, extended family, or potential income. Two attached storage buildings in the back add even more room for tools, equipment, or anything else you need. This is a home that truly offers it all, space, versatility, unique features, and a setting that makes every day feel just a little more peaceful.
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.
