Set within a well established 55 and over community and positioned to take advantage of wide open views and convenient access to major shopping centers, this manufactured home offers a comfortable layout with thoughtful spaces designed for everyday living. Sitting on a permanent foundation, the property allows buyers to pursue traditional financing options while enjoying the benefits of community living. Inside, the home opens to a living and dining area that feels welcoming and functional, with recently cleaned carpet adding a refreshed feel to the main gathering space. The kitchen stands out with generous counter space and distinctive blue cabinetry, creating a workspace that is both practical and visually inviting, and the inclusion of a double oven makes it especially accommodating for those who enjoy cooking or hosting. The primary bedroom provides a spacious retreat with above average room size and an en suite bathroom featuring a standing shower. A well sized guest bedroom offers comfortable accommodations for visitors, while the guest bathroom also includes a standing shower for convenience. Natural light filters through dual pane windows installed throughout the home, helping maintain a pleasant interior environment while improving energy efficiency. Beyond the interior living space, the property continues to offer versatility with a sunroom that creates an ideal setting for hobbies, reading, exercise, or casual relaxation throughout the year. The outdoor areas are thoughtfully improved with concrete slabs surrounding much of the home, providing clean, low maintenance surfaces and additional usable space. Multiple covered patio areas create shade across the property, allowing for comfortable outdoor seating and gatherings while staying protected from the sun. A separate storage room adds valuable practicality for tools, seasonal items, or recreational equipment. With its combination of comfortable interior space, shaded outdoor areas, useful bonus spaces, and convenient proximity to shopping, this home presents an appealing opportunity for buyers seeking a relaxed lifestyle within a welcoming 55 and over setting.
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.
