Welcome to your PRIVATE slice of Florida paradise! Situated on 1.16 ACRES with a POOL and seasonal LAKE VIEWS, this property offers space, privacy, and nature all around. Major updates include: NEW ROOF (2022), NEW HVAC WITH ENTIRE DUCTWORK REPLACED (2022), NEW 50-GALLON ELECTRIC WATER HEATER (2026), NEW GARAGE DOOR OPENER (2023), NEW POOL FILTER PUMP (2023), NEW DIGITAL SPRINKLER SYSTEM WITH ALL SPRINKLER HEADS REPLACED (2023), FRESHLY PAINTED DRIVEWAY AND WALKWAY (2025), FRESHLY PAINTED INTERIOR AND TRAVERTINE FLOORS INSTALLED (2018). As you arrive, you’ll immediately notice the SPACIOUS LOT and OVERSIZED DRIVEWAY, surrounded by mature trees, providing both privacy and plenty of room. Inside, the OPEN LAYOUT FLOWS EFFORTLESSLY THROUGH THE EXPANSIVE MAIN LIVING AREAS, filled with natural light and beautiful views of the backyard and pool. The kitchen and living spaces has abundant room for EVERYDAY LIVING, entertaining, or simply relaxing. The PRIMARY SUITE is a true retreat, featuring CUSTOM BUILT-IN SHELVES and a SPACIOUS WALK-IN CLOSET. Additional highlights include a SHED WITH ELECTRICITY AND WATER CONNECTIONS, perfect for a workshop, hobby space, or extra storage, and a GAZEBO ideal for outdoor relaxation or entertaining. The backyard offers a SCENIC LAKE that fills during the rainy season, creating a peaceful natural backdrop that changes with the seasons. A private well supplies water to the Sprinkler System using fresh spring water, helping SAVE YOU MONEY on irrigation costs. Step outside to enjoy FLORIDA LIVING AT ITS BEST, with PAVERS INSTALLED AROUND THE POOL (2022) enhancing the outdoor space and creating the perfect setting for gatherings, relaxing afternoons, or quiet evenings by the water. With 1.16 ACRES OF LAND, A POOL, SEASONAL LAKE VIEWS, A GAZEBO, SHED WITH UTILITIES, and thoughtful updates throughout, this property gives the perfect combination of privacy, comfort and space, all while being conveniently located near local amenities, parks, and the FAMOUS WEEKI WACHEE SPRINGS. Schedule your private showing today and experience this serene property for yourself!
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.
