Breathtaking Mississippi Riverfront property offers dramatic wall of windows, and an open-concept layout with vaulted ceilings that showcases magnificent sunsets, wildlife and barges floating down the river. NO FLOOD INSURANCE! Wrap-around deck with pergola invites outdoor living, now enhanced with a new BBQ wind break-perfect for year-round grilling and entertaining. The grand suite offers a spacious and serene retreat, featuring two large walk-in closets, including one with barn doors added in 2021- ideal for use as a home office or den. The ensuite bathroom was completely remodeled in 2025, blending modern finishes with spa-like comfort. The in-law suite, fully updated in 2025, includes a private entrance and kitchen, providing flexibility for guests, rental use, or multigenerational living. A fully remodeled hallway bath (2025) further enhances the home's modern feel. The gourmet kitchen boasts gorgeous countertops, tiled backsplash, abundant cabinet space, high-efficiency kitchen-aid appliances-all new in 2021, and a 5-burner Bosch cooktop. Additional upgrades include ceramic tile flooring, new carpet, fresh paint and updated lighting throughout. Ultimate 36' x 64' Cleary building includes heated 32' x 36' workshop with bar, radiant floor heating, 10'x10' insulated doors. AMP RV drop, updated well pump/holding tank and additional spigots. New Roof, commercial-grade water heater 2022, water softener 2023 and reverse osmosis 2021. New landscaping, fencing, lighting 2021. Seller is offering a home warranty which offers added peace of mind to the new buyers. This home is priced to sell. Don't miss your chance to make this home yours today! Come see all this home has to offer!
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.
