Motivated Seller – Custom-Ordered Home with $2,500 in Buyer Concessions!996 Sibley Rd, Lumberton, NC 28358This motivated seller is ready to make a deal and is offering $2,500 in Buyer Concessions to help with closing costs or updates! This custom-ordered manufactured home stands out from standard builds, featuring full drywall throughout, elegant crown molding, and upgraded finishes rarely found in similar homes.Set on a full 1-acre lot just outside the city limits, this beautifully updated 3 bed, 2 bath home offers peaceful rural living with fast access to everything you need. Just minutes from downtown Lumberton, I-95, shops, schools, and healthcare, it’s perfect for homeowners or investors.Upgrades you’ll love: a brand-new A/C compressor, a newly replaced main kitchen drain, and a new commercial-grade water heater for long-term durability and efficiency.Inside, enjoy a bright open floor plan with luxury vinyl plank flooring, updated ceiling fans, modern fixtures, and a cozy sunroom — great for morning coffee or relaxing evenings. The kitchen features oak cabinets, a spacious eat-in island, and plenty of storage, creating a warm and functional layout.The owner’s suite feels like a private retreat with a massive walk-in closet, garden tub, and separate shower. Outdoors, you’ll appreciate the 24×20 wired workshop, perfect for hobbies, storage, or a home business, along with a 24×24 carport offering ample covered parking. The expansive 1-acre lot gives you room to garden, expand, or customize — all without city zoning restrictions.Highlights for Homeowners: • Motivated Seller + $2,500 in Buyer Concessions • Custom-ordered home with drywall & crown molding • Move-in ready with major system upgrades • Peaceful country setting with space to grow • Ideal for families, retirees, or anyone wanting flexibilityHighlights for Investors: • Low county taxes + strong rental demand • Perfect land for ADUs, mobile home pads, or homestead projects • Wired workshop & large carport ideal for contractor use or business storageNearby: • Downtown Lumberton – 10 minutes • UNC Health Southeastern – 8 minutes • Lumber River State Park – 20 minutes • Fayetteville & Fort Liberty – under 1 hour • Easy access to I-95 for commuting
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.
