Brand New Roof, Outdoor Kitchen & Gazebo, Workshop/Shed with Electric, Oversized Lot... this home is packed with amazing features you are sure to love. Lovingly maintained with evident pride of ownership, this charming 3-bedroom, 2-bath home with an oversized 2-car garage offers inviting living spaces, thoughtful updates, and outdoor areas designed for relaxing and entertaining. Situated beneath the shade of a magnificent live oak tree, the home welcomes you with warmth the moment you arrive. The mature tree canopy creates a peaceful setting while helping keep the home naturally cooler during Florida summers. Inside, the spacious family room in the back of the home features vaulted ceilings with exposed beams and a cozy fireplace; the perfect gathering space for relaxing evenings or hosting friends and family. The kitchen blends beauty and functionality with granite countertops, stainless steel appliances, and a large island, offering plenty of space for cooking, conversation, and everyday living. Outdoor living truly shines here. The backyard feels like a private retreat with a gorgeous covered gazebo, complete with a grill, mini refrigerator, fan and electric, creating the perfect place to enjoy those slow Florida evenings. The yard itself is lush and inviting, enhanced by mature landscaping, an irrigation system on well, and beautiful plantings including a large gardenia bush that blooms spectacularly twice each year. A striking stag horn fern nestled in the front yard’s live oak adds even more character to the landscape. For hobbies, projects, or extra storage, the property includes a 10×15 workshop shed with electric, while the spacious 2-car garage offers excellent flexibility for vehicles, crafts, tools, and storage. The large driveway offers plenty of room for boat and/or RV parking. Important updates provide peace of mind for the next owner, including a brand new roof, just installed, with a transferable 10-year warranty, new wood fencing installed in 2025, and fresh exterior paint completed in 2024. A recent 4 point inspection was just completed for buyer's convenience. The location can't be beat. Conveniently situated near shopping, restaurants, and everyday amenities, and just minutes to the Gulf beaches. Situated on a dead end street, the neighborhood is known for its friendly community feel while still offering privacy and quiet surroundings. Residents also enjoy the walkable and bike-friendly setting that makes it easy to explore the area. After 14 wonderful years, the sellers say what they will miss most is the peaceful shade of the beautiful trees, evenings spent entertaining outdoors under the lights, the convenience of being close to everything, and the welcoming neighborhood they’ve come to love. Could this be the one for you? Make your appointment today!
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.
