Experience breathtaking AMAZING sunsets at 1147 Hill County Road 1458, Itasca on this picturesque 12-acre property offering space, functionality, and country charm. Beautiful 12-acre property and the white manufactured home on the right are included in this sale. The Gray manufactured home on the left side of the property is personal property owned by a third party and is not part of this listing or sale. Closing of the property and manufactured home on the right is contingent upon the separate sale and transfer of the manufactured home on the left. Listing agent and broker do not represent the owner of the manufactured home on the left but may provide contact information to interested buyers who wish to negotiate a separate bill of sale directly with that owner. The well-maintained 1,984 sq ft manufactured home is in excellent condition and features updated wood-look laminate flooring and an open-concept design. The spacious living area showcases a wood-burning fireplace and flows seamlessly into the large dining area—ideal for gatherings. The kitchen offers an island with a lowered breakfast bar for table-height seating, providing both workspace and casual dining options. A dedicated office includes built-in desk and cabinetry, perfect for working from home. The primary suite features an oversized garden tub, separate shower, dual sinks, and a large walk-in closet. Two additional bedrooms also include walk-in closets. The oversized utility room offers built-in shelving and space for a freezer or additional refrigerator. Outdoors, the property is thoughtfully equipped with an underground storm shelter, a 14x24 storage building with electricity, two additional storage buildings, RV hookup, dog pen, chicken pen, and established garden area. This versatile acreage is ideal for hobby farming, recreation, or simply enjoying peaceful country living. A rare opportunity to own functional acreage with move-in-ready improvements—schedule your private showing today.
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.
