Step into this exceptionally maintained home where comfort, style, and thoughtful upgrades come together seamlessly. From the moment you enter, you’ll appreciate the elegant tray ceilings, beautiful luxury vinyl plank flooring (2020), and the spacious open layout featuring a great room, formal dining area, and desirable split-bedroom floor plan. The oversized owner’s suite offers a private sitting area and direct access to the sparkling pool, creating the perfect retreat. Outside, the screened lanai and pool area provide exceptional privacy — ideal for relaxing poolside, enjoying nature, or watching your favorite show on the outdoor TV. The pool also features a convenient self-cleaning system for easy maintenance. This home is loaded with premium upgrades and smart-home features, including a new roof (2022), new pool pump (2024), interior paint (2025), and outdoor Govee professional lighting (2026). Enjoy peace of mind with a Generac whole-house generator paired with a 500-gallon gas tank, Swann outdoor security cameras, Ring doorbell camera, Nest thermostat, weather station, and Wi-Fi-enabled sprinkler controller (2025). Additional enhancements include:- Whole-house water softener and reverse osmosis filtration system, Garage mini-split A/C unit, UC anti-bacterial light in A/C system, Two roof solar fans, Commercial-grade 5” gutters, R21 attic insulation above garage, Sonos speakers in the lanai, Cost-effective irrigation well with new well pump. This exceptional property combines luxury, functionality, privacy, and energy-conscious living — all designed for effortless Florida living.
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.
