Welcome to this gorgeous, fully updated tri-level home nestled on 5 private acres for ultimate peace, quiet, and seclusion. Surrounded by mature trees and natural beauty, this exceptional property offers the perfect blend of luxury, comfort, and functionality. Designed with entertaining in mind, the open-concept floor plan features luxury vinyl flooring throughout, vaulted ceilings, and an abundance of natural light. The stunning kitchen is equipped with stainless steel appliances, granite countertops, a large eat-at peninsula, and is open to the Living and Dining Room complete with a stylish drink bar. The expansive great room showcases soaring cathedral knotty pine ceilings, skylights with remote-controlled blinds, an 80" TV that stays with the home, two separate door walls leading to the outdoor patio for weekend BBQs, and a newly installed secure fenced pet yard. The versatile tri-level layout includes 4 spacious bedrooms and 2.5 baths where the lower level offers a private bedroom, full bath, family room, and sitting area—ideal for guests, or a private retreat and upstairs you'll find 3 generous sized bedrooms and a beautifully updated bath. Additional features include fresh interior and exterior paint, an integrated TP-Link security camera system, washer and dryer included, an attached 2-car garage to keep your cars clean. A true standout feature is the incredible 2,126-square-foot pole barn with three distinct sections. Relax and entertain in the finished recreation area featuring an electric fireplace, utilize the extra-deep 2-car garage space for vehicles and equipment, and take advantage of the massive third section with room for an RV, tri-toon boat with trailer, and more. An electric lift provides convenient access to the upper-level storage area. This one-of-a-kind property offers privacy, space, and endless possibilities—all in a move-in-ready package. Simply unpack and start enjoying everything this remarkable home has to offer.
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.
