***Sellers Offering $5000 towards closing costs with an acceptable offer***Welcome to 6108 Old River Road, a magnificent manufactured home for sale in the peaceful Baker area of Florida, designed for the buyer seeking luxurious space and country serenity. This exquisite 3 bed 2 bath residence delivers the perfect blend of modern comfort and sprawling privacy, making it an ideal choice for a buyer ready to settle into their forever home.Step inside the 1,876 square feet of fabulously updated living space where every detail caters to an elevated, relaxed lifestyle. You will immediately notice the beautiful LVP flooring that flows seamlessly throughout the entire residence, providing both elegance and easy maintenance. The layout is thoughtfully designed for family living or entertaining, featuring a spacious separate dining area perfect for holiday gatherings and a cozy breakfast nook bathed in natural light for everyday meals. The luxury continues into the private primary suite, a true sanctuary away from the hustle of daily life. The ensuite primary bathroom is a spa-inspired retreat, complete with a huge soaker tub for ultimate relaxation, a separate shower, and a stunning double vanity that ensures morning routines are streamlined and effortless. Tucked away right off the primary bedroom is a den with an electric fireplace, creating warm and intimate ambiance for quiet evenings and maximum coziness. The two additional spacious bedrooms provide comfort for children or guests, and the updated second bathroom maintains the home's high standard of finish. The unparalleled feature of this Baker home for sale is the nearly an acre lot, offering vast outdoor space for play, gardening, and future expansion. This property delivers the highly coveted country feel, yet remains incredibly connected to the best of Northwest Florida. Military bases and the renowned white sand beaches of the coast are easily accessible, all within a beautiful 45 minute drive. Beyond your private oasis, a desirable lifestyle awaits just minutes from your front door. Local convenience is found in the nearby Crestview area, offering a superb selection of high-end shopping and dining establishments within a short drive. For outdoor adventures and family fun, the stunning natural environment of the Blackwater River State Forest is in the heart of Baker, providing exclusive access to Florida's best hiking and nature trails. Additionally, the local Baker Park serves as a fantastic community hub, featuring fun, recreational spaces and picnic areas just minutes away. This luxury manufactured home at 6108 Old River Road provides the perfect backdrop for your family's next chapter, offering space, style, and a peaceful environment without sacrificing access to modern amenities and Florida's spectacular coastline. This 3 bed, 2 bath residence awaits the buyer ready to experience the finest country living.
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.
