BACK ON THE MARKET & READY FOR SHOWINGS!!!! Previous buyer changed their mind. FOUR acres already set up for animals with fencing, a new barn, fruit trees, and room to grow. Updated 1999 Fleetwood manufactured home located on the edge of town with Interstate 57 approximately 10 minutes away. The home offers 3 bedrooms, 2 full bathrooms, and 1,344 sq ft of living space. With established fruit trees, berries, fenced pasture, and barn space, this property offers a great setup for anyone interested in gardening, raising animals, or creating their own small homestead. Many updates have been completed between 2024-2026, including living room flooring, kitchen flooring, countertops, sink and ceiling fan, a new bathtub, vanity and flooring in the main bathroom, new ceiling fans and toilets throughout, a new deck, and water heater. All appliances stay, including the washer, dryer & the 75inch TV in the living room. The property includes fenced and cross-fenced pasture installed in 2022 and a 24x16 barn built in May of 2025. There's also a 24x30 detached pole building/garage with a small finished area the current owner used as a retail space for products produced right on the property. Outside you'll find apple, pear, and peach trees, along with blackberries, raspberries, and grapevines. The playset is secured in the ground with concrete, and all additional play equipment will stay. Ducks and some chickens will remain with the property. If buyers are interested in purchasing a few goats, please contact the listing agent. The current owners use window units for cooling but are offering a $5,000 credit that buyers can use toward cooling or any updates they'd like to make. Opportunities like this don't last - call today to schedule your private showing!
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.
