Step into this beautifully updated corner-unit townhome where style and functionality come together seamlessly. From the moment you enter, you’re greeted by a spacious living room designed for both comfortable everyday living and effortless entertaining. Rich hardwood floors flow throughout the home, creating a warm, upscale feel. An additional living area with its own entrance to the lanai offers flexible space, perfect for a home office, lounge, or bonus entertaining area. The dining space leads to a stunning and fully renovated kitchen featuring modern finishes, abundant storage, and additional seating for casual gatherings. The kitchen is beautifully appointed with premium KraftMaid cabinetry, thoughtfully designed to maximize every inch of storage space. With smart organization features, deep drawers, and custom configurations, it offers both exceptional functionality and a polished, high-end finish that elevates the entire space. Upstairs, custom hardwood stairs guide you to three generously sized bedrooms. The primary suite is a true retreat, complete with a beautifully updated en-suite bath (2020), a custom walk-in closet (2022), and a peaceful private balcony ideal for morning coffee or evening unwinding. The secondary bathroom was also updated in 2020, and hardwood flooring continues throughout the upper level for a cohesive look. The garage adds a unique and fun extension of the living space, built out as a bar area while still maintaining room for a vehicle. Major updates provide peace of mind, including a new roof (2023), tankless water heater (2022), AC system (2022), electric shades upstairs and downstairs, whole-home water softener and filtration system (2022), and surge protection (2022). Located in a wonderful community with ample guest parking, this home is just minutes from award winning beaches and offers convenient access to major airports, restaurants and shopping. The HOA covers an impressive list of amenities and services, including water, sewer, trash, cable, exterior maintenance, landscaping, community pool, roof coverage, and more making for truly easy living. Don’t miss your chance to own this slice of affordable Florida living where style, sunshine, and easy living come together in one incredible opportunity.
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.
