Set on over 10 acres of open, rolling countryside, this remarkable property offers a rare blend of space, functionality, and rural charm. The land itself is a major asset, featuring an **active hay field** and cleared, usable acreage with scenic views in every direction. It is an ideal setup for those seeking a true country lifestyle, complete with a **dedicated well for feeding livestock** and a functional barn ready for agricultural or equestrian use. The main home welcomes you with classic character, warm living spaces, and ultimate peace of mind courtesy of extensive, high-value upgrades. The exterior features a new roof on both the house and the detached garage (2017), new gutters (2020), a professionally lifted and stabilized front porch (2021—still under warranty), and the home is **whole-house generator ready**. Inside, large new windows (2020—still under warranty) flood the home with natural light and frame beautiful views of the surrounding acreage. The main floor plan offers an excellent mix of open and defined spaces, highlighted by a fully gutted and remodeled kitchen (2022) featuring modern, upgraded appliances. Year-round comfort is guaranteed across all levels with a new upstairs HVAC system replaced in 2024. The home’s accommodations are equally impressive, featuring an upstairs bathroom and a main-level bathroom that were both beautifully gutted and completely remodeled in 2025. Spacious Sunroom on main floor makes for an excellent game room or sitting room to soak in the natural light. Upstairs, you will find a versatile **fourth bedroom that makes a perfect home office** or flex space. A standout feature of the property is the detached garage, complete with a workshop and a fully equipped second living quarters above. Offering its own bedroom, full bath, kitchen, and living space, this setup provides excellent flexibility for guests, extended family, or potential rental income. For additional space, the full walk-out basement presents a blank canvas with significant square footage. It was completely dried-in with French drains and a sump pump installed (2021—still under warranty), making it ready for storage, a workshop, or future custom expansion. Outdoors, the property truly shines as an entertainment haven. Enjoy the fresh air from the newly added screened-in back porch (2025), fire up the grill on the large deck (2021), or cool off in the above-ground pool. Complete with a newer hot water heater (2022/2023), this is a unique opportunity to own a meticulously maintained, versatile property where acreage, infrastructure, and modern updates come together perfectly. $5,000 being offered to be used at buyer's discretion.
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.
