This is a rare opportunity in the heart of Miami, set on an absolutely massive oversized double corner lot in one of the city’s most rapidly growing neighborhoods. With expansive land and significant development potential, this property offers flexibility for a discerning homeowner or a value-driven investor looking to capitalize on location, scale, and long-term upside. Positioned on a spacious corner lot, the home welcomes you with a charming front porch framed by decorative columns and a fully fenced yard that enhances both privacy and curb appeal. The extended driveway provides abundant parking, while the expansive green space offers endless possibilities- from outdoor entertaining and future additions to a resort-style backyard transformation. A private rear patio further elevates the outdoor living experience, creating multiple zones to enjoy the property’s impressive footprint. Inside, the home unfolds with bright, open living spaces finished with sleek tile flooring, recessed lighting, and a seamless flow ideal for both everyday comfort and elevated entertaining. The expansive living and dining areas are filled with natural light and anchored by a stylish feature wall that adds depth and character. The kitchen has been thoughtfully updated with granite countertops, custom cabinetry, stainless steel hood vent, subway tile backsplash, and a generous peninsula with bar seating- combining elegance with functionality. A fully permitted addition adds meaningful square footage and versatility, featuring a private office, adjoining bedroom, and a spa-inspired bath with glass-enclosed shower- perfect for guests or a sophisticated in-law suite. The primary suite offers a custom walk-in closet and an elegantly finished ensuite bath, while additional bedrooms and baths maintain a cohesive, modern aesthetic. At the rear of the home, a covered and screened patio creates a true indoor-outdoor living experience, complete with tiled flooring and ceiling fans overlooking the expansive yard — extending your usable space year-round. The grounds are beautifully complemented by mature greenery and lush trees, including cashew, soursop, avocado, and Dominican cherry, along with fragrant rosemary and oregano that enhance both the landscape and lifestyle appeal. The laundry room is thoughtfully positioned just off the one-car garage and offers ample storage and workspace, while the garage itself provides added flexibility for organization, hobbies, or additional utility space. Major improvements have already been completed, including a brand-new metal roof installed just two months ago, a newer AC system under two years old, and well-maintained electrical, plumbing, and water heater systems. With no HOA, the property allows for rare freedom and flexibility in today’s market. Oversized land, permitted square footage, modern upgrades, and a premier central location just minutes from the airport, Downtown Miami, Wynwood, the Design District, and the beaches- this is a distinguished opportunity for a homeowner seeking space and sophistication or an investor recognizing the value of scale in a high-growth area.
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.
