This WATERFRONT paradise is the perfect oasis for a boating/fishing enthusiast, or simply anyone dreaming of a coastal cottage getaway! Brand new front doors and front porch tile! OPEN WOOD DOCK with 10,000-lb BOAT LIFT, FULLY FENCED at the end of a dead-end street with privacy gate, plenty of parking space, and NO HOA or CDD, so bring your boat, trailer, RV, ATVs, and other toys! NEW is the word used over and over when describing this beautiful 3-bedroom, 3-bathroom, 2-car garage home: NEW HVAC (2025), NEW PLANTATION SHUTTERS throughout, NEW hot water heater (2024), all major appliances are NEW (2024), and NEW PAINT inside and out! From WOOD CEILINGS to CROWN MOLDING, there are so many special touches to this relaxing refuge. The METAL ROOF includes hurricane strapping that was inspected in 2025. The spacious COVERED & SCREENED FRONT PORCH is surrounded by fresh, colorful landscaping and has two fans for breezy comfort year-round. Step through the glass double-door entry to be met with TILE FLOORING throughout! There's a 7X12 storage room off the living room, and a GREAT ROOM with even greater windows to let in that gorgeous water and conservation view, and they're all equipped with blinds for shielding the light and warmth when desired. The immaculately UPDATED KITCHEN features a BREAKFAST BAR, ISLAND, STAINLESS STEEL APPLIANCES, and sliders to the back lanai. The Primary Suite includes blackout curtains, a 6X10 WALK-IN CLOSET with CUSTOM BUILD-INS, and an EN-SUITE BATHROOM with a DUAL SINK VANITY, a WALK-IN SHOWER with DUAL SHOWER HEADS, a separate JETTED TUB, and a water closet. The Primary Bedroom also provides access to the enclosed FLORIDA ROOM - install a hot tub, set up seating, or since it leads right on out to the dock and boat lift, continue using this space as a fishing room! The front bedroom has its own EN-SUITE BATHROOM featuring a single sink vanity and shower stall, and the third bedroom (currently used as a craft room) includes TWO CLOSETS! The interior laundry room includes cabinetry, counterspace, a storage closet as well as a coat closet by the garage, its own sink, and connects to the third full bathroom with its single sink vanity and shower stall. The COVERED & SCREENED WRAP-AROUND LANAI was TILED in 2023 and has NEW CEILING FANS, and there's a perfect covered grilling spot off to the side. This home is truly something special. Feel like you've escaped the rest of the world and start making new memories here.
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.
