Charming Craftsman in the Heart of Mexico Missouri. Welcome home to this beautiful Craftsman-style property full of timeless architecture and undeniable curb appeal. Loved and well maintained, this spacious home offers 3 bedrooms and 2 bathrooms, providing plenty of room to grow, gather, and make it your own. Inside you'll find generous living spaces filled with character and potential, while the exterior showcases classic design elements that makes this home stand out. Situated in a great community in downtown Mexico, this property is conveniently located near local shops, dining, schools and all the town's amenities. Whether you're drawn to its architectural charm spacious layout, or prime location, this home offers a wonderful opportunity to own a piece of Mexico's historic character with room to add your personal touch. The main floor has a bonus room that can be used as a bedroom, office or den. Thoughtfully updated over the years, this home blends classic character with modern improvements for comfortable, worry-free living. A new roof (2017) and new water heater (2024) provide peace of mind, while extensive electrical upgrades include all new wiring, a 200-amp service, and hard-wired smoke alarms, ensuring safety and reliability throughout the home. The interior has been beautifully refreshed with painted walls and ceilings, new ceilings installed in the downstairs bedroom, foyer, and kitchen, and laminate flooring added to the foyer and downstairs bathroom in 2024, with new laminate flooring in the kitchen in 2025. The downstairs bathroom has been remodeled, and the kitchen was fully remodeled in 2025, featuring new appliances, including a hood, microwave, gas stove, and dishwasher. Upstairs, the remodel includes blown-in insulation for added efficiency and new windows in both upstairs bedrooms, enhancing comfort and energy savings. The air conditioner was professionally serviced in 2025. Outside, the home shines with fresh exterior paint in 2025, some siding replacement, and additional storage with a wood shed built in 2024 and a new metal shed added in 2025. With its charming Craftsman style, extensive updates, and prime downtown location, this move-in-ready home is a standout opportunity you won’t want to miss.
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.
