IMMACULATE GATED ESTATE ON 10 ACRES (MOL) WITH POND & 40x42 POWERED SHOP BUILDING! Welcome to this beautifully updated 4-bedroom home on a breathtaking 10-acre stretch of peaceful pasture, fully fenced & complete with a gorgeous pond, cattle corral, 40x42 Shop building, 30x30 covered lean-to & tranquil scenery in every direction. A privacy gate, basketball court, large circle drive & beautiful landscaping welcome you home to a spacious living area featuring vaulted ceilings, big, upgraded windows, warm inviting colors, cozy fireplace & updated flooring throughout. You will LOVE the fabulous, remodeled kitchen showcasing granite countertops, tile backsplash, pantry, & rich hardwood cabinetry. The spacious primary suite offers a large walk-in closet and an IMPRESSIVE renovated ensuite bath with granite vanities & a walk-in tile shower with river rock flooring, rain head fixture, separate wand & bench seating. Upstairs you’ll find 2 large secondary bedrooms, along with a massive downstairs 4th bedroom all the kids will be fighting over! A well-appointed hall bathroom with tub/shower combo & convenient powder bath with pedestal sink complete the interior. Step outdoors to the large covered back patio & enjoy your own PRIVATE COUNTRY RETREAT featuring a crystal-clear swimming pool, tanning deck, firepit & storm shelter - The perfect place to relax, entertain & make lifelong memories. The recently added Shed could easily serve as a pool house, or craft room. The land is perfectly suited for livestock, hobby farming, or simply enjoying wide-open country living! The impressive 40x42 powered shop building with large overhead service doors is PERFECT for hobbies, equipment, projects, or business needs, while the 30x30 covered lean-to provides excellent storage for vehicles, tractors, boats, trailers & more! This incredible turnkey estate offers the ideal blend of comfort, function, recreation & peaceful country beauty--ready for a brand-new family to love & enjoy!
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.
