Beautifully maintained horse property with two master bedrooms on 2 flood irrigated acres with mature trees, Built in BBQ, white 3-rail vinyl fencing, electric gate, and privacy fencing around the backyard. Features include a 35'x35' RV garage/shop with a swamp cooler, climate-controlled 2-car garage, 5-year-old roof, and 8-month-old HVAC system. The home offers two master bedrooms, granite countertops, newer appliances, fireplace, and views of the sparkling pool with climate-controlled pool house, new variable speed pool pump, and new cartridge filter. Equestrian setup includes a 6-stall barn with auto waterers, arena, dry lot, 11'x15' tack room, and grain bin for feed storage. Recent appraisal completed for added confidence and value. This home has Grandfathered NetMetering Solar as well Experience the perfect blend of comfort, functionality, and country living on this beautifully maintained property featuring two flood irrigated acres designed for both relaxation and equestrian enjoyment. Surrounded by mature trees and enclosed with attractive 3-rail white vinyl fencing, this exceptional property offers privacy, convenience, and room to roam, complete with an electric front gate and white vinyl privacy fencing around the yard area. The home features granite countertops, newer appliances, a cozy fireplace, and thoughtfully updated systems for peace of mind, including a 5-year-old roof and an 8-month-old HVAC system. Step outside to enjoy the sparkling pool with a new variable speed pool pump and new cartridge pool filter, along with a climate-controlled pool house perfect for entertaining, hobbies, or additional flex space. Car enthusiasts, hobbyists, and RV owners will appreciate the impressive 35'x35' RV garage/shop complete with insulation and a swamp cooler, as well as the insulated and climate-controlled two-car garage. Equestrian amenities are already in place and ready to go, including a 6-stall horse barn with automatic waterers, dry lot, arena, 11'x15' tack room/shed, and grain bin for feed storage. This well-cared-for property combines modern updates, exceptional outbuildings, and horse facilities in a serene setting. A recent appraisal has already been completed, adding confidence and value for prospective buyers.
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.
