Purchase price reduced $20,000.00! Move-In Ready!Welcome to this beautifully maintained 2001 doublewide manufactured home offering 2,280 square feet of comfortable living space on a spacious 0.90 acre lot. Featuring 4 bedrooms, 2 full baths, and a dedicated 4th bedroom that could easily serve as an office, guest room, or hobby space, this home provides flexibility to fit your lifestyle. Recent updates make this home truly move-in ready, including new luxury vinyl plank (LVP) flooring throughout the main living areas, professionally cleaned carpets, fresh interior paint throughout, a new stove exhaust fan, and new rear exterior doors featuring energy-efficient Low-E glass. For added peace of mind, the septic system was pumped in October 2025.The spacious kitchen features granite countertops and comes equipped with a refrigerator, stove, and dishwasher. The home is also serviced by HVAC for year-round comfort.Step outside and enjoy the large 16’ x 20’ back deck—perfect for entertaining, grilling, or simply relaxing while overlooking the beautifully landscaped yard. The property includes storage shed which is wired with electricity. The mature landscaping adds both beauty and privacy, featuring five River Birch shade trees in the front yard, Loropetalum shrubs along two sides of the backyard, Holly shrubs along the remaining side, and a stunning Weeping Willow and Teddy Bear Magnolia tree.Conveniently located near Southern Lee High School and just minutes from Sanford, this property offers the perfect combination of peaceful country living and easy access to schools, shopping, dining, and everyday conveniences.As an added bonus, the purchase includes a one-year home warranty that has already been paid for by the seller.If you’re looking for a spacious, updated home on nearly an acre with mature landscaping, outdoor living space, and room to grow, this property is a must-see!
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.
