It’s the details that truly set this one apart. This beautifully upgraded 3-bedroom, 2-bath custom modular home offers a refined yet comfortable living experience, thoughtfully enhanced throughout. Inside, you’ll find new flooring with sealed edges, elegant marble window sills, Porcelain countertops, double-pane windows, and a custom interior paint palette that creates a clean, modern feel. A security system is already in place, while a concrete driveway and covered 1-car carport add everyday convenience. Step outside and discover a property that goes far beyond the ordinary. The grounds have been intentionally designed and meticulously maintained, featuring a thriving collection of over a dozen fruiting trees. Perfect for those who appreciate horticulture, sustainability, and a lifestyle connected to nature. Situated on two separately parceled and surveyed lots, this property offers flexibility and future potential. One lot is cleared and shaded by mature oak trees, while both enjoy a peaceful setting near Moon Lake, where steady breezes create a refreshing, almost coastal atmosphere. The expansive backyard provides ample space to expand gardens, add additional structures, or simply enjoy the privacy and open surroundings. Zoned R-1, the property allows for a primary residence with the potential for a mother-in-law suite or additional living space. Outdoor living is just as impressive, featuring a hot water soaking tub and outdoor shower that create a spa-like retreat right at home. A fully insulated “man cave” style shed with window A/C offers the perfect space for hobbies, a workshop, or a private office, along with two additional storage shed for tools and equipment. Additional highlights include an assumable mortgage at low interest rate with an approximate balance of $190,000, and the property does not require flood insurance, offering added peace of mind. If you’ve been searching for a property that blends comfort, character, and a true connection to the land—with room to grow, create, and unwind—this one delivers in all the right ways.
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.
