The BEST OF BLACK FOREST with this picturesque ranch home on 5 peaceful, landscaped acres. From the gated entrance and concrete driveway to the wraparound porch, you can feel the care and craftsmanship that define this property. Inside, solid wood floors, fresh paint, and an updated kitchen with granite counters and a cozy wood stove create a warm, welcoming atmosphere. Large windows fill the home with natural light and frame the surrounding pines and mountain views. The main level includes 2 bedrooms and 2 1/2 baths (Heated floor in the Primary Bath), with a 1/2 bath off the garage in the freshly painted mud room. The finished basement offers flexible space for entertainment, hobbies, or guests, complete with brand-new windows installed in 2026. This level includes a spacious family room with a gas stove, wet bar, craft or game space, two bedrooms, and a 3/4 bath. The large end bedroom is currently a grandkid bunk room. From the basement, step into the enclosed Sunroom (hot tub included) that walks out to the park-like backyard—add twinkle lights and reinstall the wood stove to create your own retreat. The permitted 1082-sq-ft ADU, built in 2018, is bright, spacious, fully independent, and handicap accessible. Ideal for extended family, guests, or rental income. For those who need room to create or store, the property offers seven garage bays (4 attached to the house, 3 detached), including a workshop with a loft and bonus loft room. This space has also served as a barn. With a newer roof, furnace, well pump, two septic systems, major systems are updated. The Starlink Tower will remain. Enjoy evenings in the enclosed hot tub Sunroom, mornings on the wraparound deck, and the freedom of a domestic well and horse-ready acreage. It is a MUST SEE to capture it all.
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.
