Welcome to a rare opportunity to own a premier equestrian estate in Delaware County, offering 34 acres across 3 PARCELS, thoughtfully designed for both serious horse enthusiasts and those seeking a private country retreat. This exceptional property features a 3-BD, 2-BA ranch home with approximately 1,400 square feet & an open floor plan, complemented by an impressive, fully functional horse facility. At the heart of the farm is a large indoor riding arena (80x200), equipped with built-in laser timing for barrel racing, LED lighting, multiple restrooms, & concession/office area-ideal for year-round training & events. An additional outdoor arena (250x135) provides even more flexibility for riding & training. Includes two well-designed stable barns & dedicated hay/equipment barn, offering exceptional infrastructure for daily operations. Stable Barn #1 features 16 stalls, multiple tack rooms, a lounge area, feed room, w/proper gravel base and drainage beneath stall mats for optimal horse health. Stable Barn #2 offers 9 stalls with the potential to add many more as needed. Both barns are equipped with hot water, enhancing functionality and care for the horses Attached to Stable barn #1 is a 494 sq ft apartment, complete w/kitchen/living combo, bedroom, loft-ideal for staff, guests, or on-site management. Equestrian amenities continue with a half-mile training track, perfect for conditioning & exercise, along w/multiple paddocks/fenced turnout areas designed to support proper pasture rotation & horse management. A scenic pond enhances both the beauty & usability of the land, creating a peaceful & private setting throughout. Perfect for a competition-ready facility, this property is exceptionally well-suited for training, boarding, breeding, or hosting events. Whether you're an equestrian professional or a passionate hobbyist, the layout & Infrastructure provide the functionality/flexibility rarely found in one offering. THE HORSE FACILITY CAN BE PURCHASED SEPERATLEY
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.
