SELLER CONCESSIONS BEING OFFERED! Don't miss out on this opportunity to own you own piece of country life. Discover country living outside the city limits on 1.694 acres—where modern comfort meets country living at its finest. The kitchen features a convenient breakfast bar—ideal for morning coffee or entertaining guests. The spacious living area includes a wood burning stove, perfect for colder weather, and the recently updated paintjob creates a fresh move-in ready feel. The primary suite is complete with his and her closets and a garden tub where you can unwind after a long day. This property truly has it all, including a cozy mother-in-law suite with dedicated carport parking —ideal for multi-generational living or rental income. The impressive 21x24 garage sits between the main home and the mother-in-law suite with interior access on each side. The garage has two separate rollup doors and provides ample space for vehicles, projects, or storage, tv in garage will convey. In addition to the large garage a 16X19 dedicated workshop with concrete foundation sits just behind the carport and features a window unit, a flat screen tv, 8' ceiling and a side room with shelving which adds an additional 8X19 storage area. Additional storage comes from a sturdy 6x8 shed on a concrete foundation located in fenced backyard. For those seeking a sustainable lifestyle, there’s even a chicken coop ready for your backyard flock. And when you want to enjoy the outdoors, your above ground swimming pool and spacious covered back patio are the perfect starting points, TV on back patio will convey. Don’t miss this rare opportunity to own a versatile property that offers space, comfort, and endless possibilities! All information deemed reliable, to be verified by buyer and buyer's agent. Property is being sold AS-IS. SELLER IS NOW OFFERING A $2,500 FLOORING ALLOWANCE. Check out newly uploaded pics of workshop!
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.
