Nestled on 5.53 breathtaking acres, this secluded wooded retreat offers a rare opportunity to own peaceful country living surrounded by nature. The land gently slopes and features two stocked ponds, abundant wildlife, established garden space, and wide-open potential for outdoor enthusiasts, hobby farmers, or hunters seeking privacy and freedom away from city life. The 2-bedroom, 2-bath manufactured home, converted to residential real estate, with hurricane straps , boasts vaulted ceilings throughout and sky lights, creating an open and airy feel. Enjoy tranquil views from both the rear deck and the covered front porch, perfect for morning coffee, wildlife watching, or winding down at sunset. Inside, the home features a sunken soaking bathtub, spacious living areas, and a layout that offers comfort and functionality. The property includes a detached pole barn around 24x30 and a mini 32x24 ( not complete square) animal barn, both with metal roof, along with an additional outbuilding suitable for equipment storage, workshops, or livestock use, making this an excellent option for those interested in farming, gardening, or raising animals. With ample acreage and natural resources, the land is well-suited for hunting, recreational use, or a self-sustaining lifestyle. A metal roof on the home, providing long-term durability and peace of mind. While the home does require repairs and is being sold As Is, this presents an exceptional value and a chance to customize or improve the property to your vision. Located just approximately 40 minutes from Buckeye Lake, this retreat offers easy access to boating, fishing, and recreation while still maintaining a quiet, rural atmosphere. Whether you're looking for a weekend getaway, a homestead opportunity, or a private escape with room to grow, this property delivers space, serenity, and endless potential.
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.