Welcome to this spacious manufactured home situated on a full acre, offering plenty of room to spread out both inside and out. With 3 bedrooms, 3 full bathrooms, and 2,504 square feet, this home provides the space and flexibility you've been looking for. Inside, you'll find multiple living areas, including a separate family room and living room, giving everyone their own place to relax. The kitchen opens into the formal dining room, making it easy to host dinners or gather for everyday meals. A center island adds extra space for meal prep, casual dining, or simply catching up at the end of the day. The split-bedroom layout offers added privacy, with the primary suite set apart from the additional bedrooms. This home really stands out with its versatility. A spacious playroom with two closets could easily serve as a fourth bedroom, while two additional bonus rooms provide endless options for a home office, craft room, media space, workout area, or guest retreat. The oversized laundry room adds even more functionality, offering extra storage space, including room for pantry overflow. Step outside and enjoy everything this property has to offer. Relax on the covered back porch, entertain on the wood deck, and enjoy the fully fenced chain-link yard with plenty of space for kids and pets to play. The impressive 30x30 detached garage with a concrete floor provides excellent space for vehicles, storage, hobbies, or a workshop, along with a large concrete parking pad for added convenience. Located near Eco Lake Park, you'll have easy access to outdoor activities while still enjoying the privacy of your own property. If you're looking for space, flexibility, and a home you can truly make your own, this one is definitely worth a look.
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.
