Experience the best of both worlds, modern luxury and peaceful country living, in this beautifully maintained 3 bedroom, 2 bath home situated on 2.7 acres. Designed with comfort and efficiency in mind, the home is fully spray foam insulated and ready for your pintrest photo shoot! Stunning modern finishes throughout and this kitchen are what dreams are made of, including pot filler and massive Quartz island perfect for entertaining. Pocket doors and each closet has built in dresser and storage throughout this custom dream home are what sets this apart! Outdoors, this property truly shines. The spacious covered patio overlooks a sparkling in ground pool and landscaped backyard, creating the perfect setting for entertaining or quiet evenings at home including gas hook up for your grill and wood burning fire place with TV area perfect for gathering. For guests or extended family, the property features a private pool house which functions as a second living space, complete with a loft, full kitchen, bathroom, and living area ideal for comfort and privacy. For those who need space to work, store, or create, the expansive 25X25 shop is a dream come true. Barn includes spray foam and two roll up overhead doors with 14 bays and wash bay. It offers ample storage, RV parking with electric hookups, and large lean-tos on both sides perfect for animals, hobbies, or equipment. Additional highlights include a storm shelter, dog run, and chicken coop, making this property not only versatile but also fully equipped for a self-sufficient lifestyle. This rare find combines the charm of country living with the luxury amenities you’ve been looking for. Don’t miss your chance to call this property home!
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.
