If you're looking for a peaceful escape that still keeps you close to everything, you're going to love this cozy 3 bedroom, 2 bathroom ranch log home. It sits on a beautiful & private 3.47-acre lot with plenty of room to breathe! This comfortable-living layout features a split floor plan and first-floor conveniences. The living, dining and kitchen are ideal for hosting to never miss any of the action. The primary bedroom has a larger walk-in closet and an additional closet for more storage. Private ensuite to finish off the retreat. Two more generous-sized bedrooms and full bathroom for kids and guests. 13-course basement is waiting your finishing touches for added square footage. Plus, you get a convenient 2-car attached garage. What really makes this place special is the space you get outside. Not only do you have the acreage, but there's a huge 26x36 barn. It’s ideal for storing your boat, working on projects, adding animals to the compound, or just keeping all your gear out of the weather with fantastic extra storage space up above. Location-wise, you can't beat it. Just about 10 minutes away from both Leesville Lake and Atwood Lake, meaning easy access to fishing and boating at your fingertips. And when you need to run errands or grab dinner, New Philadelphia is just moments away. Sellers have already taken care of some of the big stuff for you: both the house and the barn got brand-new roofs within the last 2 years, updated the well pressure tank (1 year), and the hot water tank (5 years). There’s also some fresh paint inside! The best part, though, is the porch. It wraps around and offers endless views—it’s the absolute best spot for enjoying those quiet morning coffees or watching the beautiful evening sunsets. This place is ready for you to put your own stamp on it and call it home just in time for 2026. Come see it for yourself!
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.
