BEST OF ALL WORLDS — SPACIOUS, METICULOUSLY-MAINTAINED 4 BEDROOM/2 BATHROOM MANUFACTURED HOME boasting 2,280 SQFT nestled along a quiet PAVED ROAD on a NEARLY 1 ACRE LOT (0.8 acres) conveniently located less than 5 minutes from major roadways (SR 50 & Suncoast Parkway/SR 589), shopping, dining, schools, parks, healthcare facilities (including a VA Clinic), entertainment, & so much more. This home offers the RARE OPPORTUNITY to own a SIZABLE LOT IN THE HEART OF HERNANDO & FREEDOM TO ENJOY IT — NO HOA/CDD/DEED RESTRICTIONS & ZONED AR-2 — IT’S TRULY THE BEST OF BOTH WORLDS! The EXPANSIVE FRONT YARD lined with a CHARMING CROSS-FENCE generously separates the home from the road, offering MAXIMAL PRIVACY. You’ll feel right at home as you pull into the GATED DRIVEWAY and make your way to the THREE-STALL LOFTED CAR/RV PORT complete with 50 AMP & WATER HOOK UPS. Step inside to discover the UTMOST INVITING & FUNCTIONAL FLOOR PLAN that seamlessly connects the living room, dining room, and massive kitchen —perfect for both entertaining and day-to-day living. The SPLIT-BEDROOM LAYOUT offers privacy, with a GENEROUSLY-SIZED PRIMARY SUITE featuring ample closet space and a well-appointed en-suite bath. On the other side of the main living/dining area is a hallway leading to the additional three bedrooms (one is currently used as an office), second full bath, laundry/utility room with exterior door to the backyard/carport, & a SHOW-STOPPING FAMILY/GREAT ROOM that runs the entire width of the home and features EXQUISITE WAINSCOT PANELING throughout, wet bar, & additional dining/craft area. The SIZABLE KITCHEN boasts a VAULTED CEILING, TIMELESS WHITE WOOD CABINETRY, STAINLESS STEEL APPLIANCES, CLOSET PANTRY, and tons of counter and storage space. The kitchen flows into the SPACIOUS DINING ROOM, that is highlighted by TASTEFUL BUILT-IN BUFFET & SHELVING and FRENCH DOORS that open to a COVERED SCREEN PORCH overlooking the fully-grounded ABOVE-GROUND POOL that is flawlessly integrated into an IMPECCABLY-DESIGNED DECK & DRAINAGE SYSTEM. A portion of the yard, including the pool & deck area is enclosed by a chain link fence and can serve as a dog run/animal enclosure. The other side of the yard features a custom fire pit, a cabana/workshop with deck, & 12’x24’ shed. The upgrades on this property go beyond the surface and offer immense peace of mind (& insurance discounts) including — a PATENTED ‘BYRD FOUNDATION’ ANCHORING SYSTEM utilizing longitudinal central and exterior slabs (not standard piers & tie-downs) which can withstand winds up to 175 mph, FRESHLY PAINTED DRYWALL WALLS/CEILINGS, double-pane vinyl windows, BRAND NEW HOT WATER HEATER (2025), NEWER ROOF (2019), poured concrete stairways to both front and back doors, NEW POOL PUMP (2025), just to name a few. This SUPERB HOME is not to be missed — you have to see it to believe it! Schedule your private showing today!
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.
