Looking for your very own piece of paradise? Step into this stunning Pallazio, designed with IMPACT windows and doors for your safety and ease, perfectly situated in the enchanting, maintenance-free community of Esplanade at Artisan Lakes. As you enter through the exquisite leaded glass double doors, an expansive open-concept floor plan bathed in natural light welcomes you. With soaring ceilings and elegant designer finishes, your eyes are irresistibly drawn to the magnificent back of the home, where a wall of glass pocket sliding doors invites the outside in, leading you to your own private outdoor haven. This space is undeniably the crown jewel, featuring a heated jetted pool and spa, a fully equipped outdoor kitchen, and a spacious screened lanai that overlooks tranquil pond views. Pool is designed with the BADU JET system, the ultimate in swimming resistance to enhance your swimming exercise. For your convenience lanai is protected with electric hurricane screens. Inside, the allure continues with tray ceilings, and crown molding that impart sophistication to every room. Custom lighting and fans in every living and dining area create a warm, welcoming atmosphere. For those with a culinary passion, the gourmet kitchen is a dream realized, featuring stunning quartz countertops, a spacious center island, upgraded cabinetry with convenient pull-out drawers, and sleek GE Café stainless-steel appliances, including a wall oven programmable for convection or air fryer, and a wine refrigerator. This kitchen is expertly designed for both daily living and entertaining. The generously appointed living and dining areas flow seamlessly into your outdoor paradise, creating the perfect backdrop for gatherings. The owner’s suite serves as a serene retreat, outfitted with a spa-like bath and custom closets that blend style with practicality. Two additional bedrooms with custom closets and a versatile den present a myriad of possibilities for guests, a home office, or creative endeavors. Two plus tandem garage offers extra parking space or area for your hobbies or workshop. Garage is also wired with an EV charger hookup. Enjoy maintenance-free living, granting you access to two magnificent clubhouses and an events manager curating an array of social activities. The community boasts two resort-style pools, spas, pickleball and tennis courts, bocce ball courts, a gym, firepit, dog parks, and a playground. Conveniently located off I-75 and I-275, you’re just minutes away from the pristine Gulf Coast beaches, charming downtown areas, and an array of shopping, dining, and entertainment options. Whether venturing to Bradenton, Sarasota, Anna Maria Island, Ellenton Outlet Mall, St. Pete, or Tampa, this prime location allows you to fully embrace the best of Florida’s Suncoast.
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.
