* VA Assumable loan at 2.75% *Resort-style lakefront living awaits on an expansive 80-foot waterfront homesite, where serene water views, refined finishes, and exceptional indoor-outdoor living come together beautifully. This thoughtfully designed residence offers an open, light-filled floor plan enhanced by tray ceilings, crown molding, and rich wood flooring throughout the main living areas, creating a warm yet sophisticated atmosphere. At the center of the home is a chef-inspired kitchen designed for both everyday living and entertaining. Features include crisp white cabinetry, quartz countertops, stainless steel appliances, gas cooktop with decorative tile backsplash, double wall ovens, designer pendant lighting, and a striking oversized waterfall quartz island that serves as the heart of the home. The kitchen flows seamlessly into the spacious living room where a floor-to-ceiling tiled fireplace wall with modern electric fireplace creates a dramatic focal point. A custom drop-zone/mudroom area and built-in beverage or bar station add both style and everyday convenience. The primary owner's retreat offers peaceful views and a luxurious spa-inspired bath featuring an oversized walk-in glass shower with rainfall shower head and designer tile accents, a freestanding soaking tub, and dual quartz vanities. Expansive custom walk-in closets with built-in cabinetry, shelving, and drawers provide exceptional storage and organization. Step outside to your private outdoor sanctuary where the screen-enclosed lanai overlooks the tranquil lake and showcases a stunning 30-foot saltwater pool with cascading waterfall feature, elevated spa, and sun shelf, surrounded by generous paver decking--perfect for relaxing, entertaining, or enjoying beautiful sunset views across the water. The home is surrounded by beautifully established Florida landscaping featuring a diverse collection of mature trees, flowering plants, tropical greenery, and fruit trees that create a lush garden-like setting. The front landscape offers vibrant curb appeal with daisy bushes, blue daze, hydrangea, gardenia, hibiscus, azaleas, and rose bushes accented by magnolia and oleander trees. Tropical plantings including cordyline "Red Sister," agapanthus, ligustrum, viburnum, and a Roebellini palm provide texture and color throughout the garden beds. A mature lemon tree adds both charm and function to the front yard. Along the side yard, established ligustrum and viburnum hedges create natural greenery and added privacy. The backyard continues the private garden atmosphere with an impressive variety of tropical and flowering plants including jasmine, plumeria, birch trees, Sylvester palm trees, white and orange bird of paradise, cordyline, agapanthus, viburnum, and multiple rose bushes. A mature grapefruit tree provides additional fruit-bearing landscaping and enhances the property's Florida lifestyle appeal. This thoughtfully designed landscape offers year-round color, mature shade trees, tropical plantings, and fruit trees that together create a peaceful outdoor retreat perfect for enjoying Florida's indoor-outdoor living. Additional highlights include spacious secondary bedrooms, well-appointed guest accommodations, a large laundry room with custom cabinetry, and an oversized garage tons of storage along with paver driveway. Also one more time, don't miss out on the VA Assumable loan at 2.75%
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.
Data provided is deemed reliable but is not guaranteed. The data relating to real estate for sale on this website comes in part from the Northeast Florida Multiple Listing Service, Inc. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Northeast Florida Multiple Listing Service, Inc. All Rights Reserved.
