LOTS OF ADDED FEATURES!! READ TO THE END! Located behind a private gated entry in the beautiful Oakridge Ranches community, this exceptional manufactured home blends upscale comfort with the peaceful beauty of wide-open living. A welcoming front porch sets the tone offering an inviting place to sip your morning coffee while taking in the quiet surroundings. Step inside and experience an expansive open concept design where elevated finishes meet effortless flow, showcasing high end laminate flooring, elegant crown molding, and a light filled great room that seamlessly connects to a stunning gourmet kitchen designed to impress, complete w/granite countertops, upgraded cabinetry, stainless steel appliances, coffered ceiling detail, built-in trash storage, & abundant space. The primary suite is thoughtfully positioned at the rear of the home, creating a true retreat w/spa inspired features including deep soaking tub, walk-in shower, dual vanities, coffered ceiling, & spacious walk-in closet. Step outside & prepare to be amazed by an outdoor setup built for both relaxation & functionality. Huge 47’ x 15’ aluminum patio cover w/recessed lighting & elec outlets shelters an expansive 60’ x 15’ concrete patio, creating a perfect setting for entertaining! The fully fenced property is designed for versatility, featuring a 20’ x 24’ metal garage/workshop, 9’ x 15’ storage shed positioned on a concrete RV pad w/dump station, sidewalks wrap the entire home, dual cargo containers (40’ & 20’) & 3 oversized 10' access gates for ultimate convenience & accessibility. This property is as practical as it is impressive, offering a permanent foundation w/40-inch crawl space & drainage system, upgraded 200-amp electrical panel, & powerful emergency backup generator system capable of running nearly the entire home. High performance 3 stage water filtration system w/oversized filters sits beneath the home, supported by a 2" water line from the well to the rear yard. Water capacity is extraordinary, featuring a 150gpm well, 5,000-gal storage tank, & an additional 1,500-gal backup poly tank, along wi/1,200-gal concrete septic system. For those with vision, a separate 120’ x 70’ graded pad is already in place, perfect for horses, livestock, recreation, or your next big expansion. This is more than just a home, it’s a lifestyle defined by breathtaking sunsets, star-filled skies & freedom to live exactly the way you’ve imagined!
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.
