WHAT A DEAL! TWO HOMES FOR THE PRICE OF ONE! This property was just appraised by a state certified appraiser in November 2025 for $280,000! Buy this home today and you will have INSTANT EQUITY! The Main residence is an Immaculate and move-in ready 2007 3/2 Doublewide. New AC unit in 2019 and new roof in 2024. New washer, dryer and dishwasher in 2023. Inside features an open floor plan with a spacious living room and family room along with an eat in kitchen area. Beautiful crown molding, high ceilings and wood vinyl flooring throughout. Spacious master bedroom with walk-in closet in all rooms. The master bathroom features his and her sinks, seated make up area and garden tub/shower combo. Lots of kitchen cabinet space, along with a pantry. Beautiful Granite windowsills with unique motorized woven window shades. Inside Laudry. The second residence is a 1/1 accessory dwelling unit (ADU) that could be used for a mother-in-law suite, guest house, home office, or as a rental income, so many possibilities! This second residence has been recently remodeled with upgrades all in 2025 such as: New flooring, all new electric, new electric box panel, all new kitchen cabinets and countertops, Tankless hot water heater, all new windows, new window AC unit which includes heat, washer/dryer hookup, new textured walls with all new paint throughout the whole home. Completely redone bathroom with new shower, sink, toilet including a bidet. Landscaped beautifully throughout with a sprinkler system and a fully fenced in backyard. Enjoy the relaxing 25 x 8 painted front deck/open porch area. Paved streets leading to a pebble rock driveway to an attached 26 x 20 RV carport on a concrete slab with a RV hook up. 12x10 Metal shed. Spacious 20 x 14 back porch screen room overlooking must see gorgeous sunsets and cleared farm acreage. Enjoy the open 15 x 10 painted concrete patio perfect for a grilling area. The seller has an existing survey, a recent clear/passed termite inspection and a passed Structural Engineer report. Don’t miss this great deal, make an offer today! Home is located in the Ocala National Forest which affords you almost a ½ million acres of Forest to roam, 600 lakes, 2 rivers, Juniper Springs, Silver Glen Springs, Salt Springs, Swimming, Skiing, Big BASS Fishing, Boating, Camping, Hiking, Horse back riding and some of the best ATV riding anywhere. Daytona Beach is just 1 hour away. Don’t miss this great deal, make an offer 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.
