Welcome to 1103 Coastal Hammock Dr — a rare opportunity to secure unbeatable financing, premium location, and like-new construction all in one. This property stands out immediately with an incredible assumable mortgage at just 2.99% interest, available to both VA-eligible AND non-VA buyers — yes, any buyer can take advantage of this rate. In today’s market, this alone can translate to significant monthly savings and long-term value. Even better, the seller is flexible, easy to work with, and offering closing cost assistance, making this one of the most buyer-friendly opportunities available. Built in 2020 and meticulously maintained by its only owner, this home shows like brand-new construction. It has been lightly lived in — as a child free home, two of the three bedrooms were never occupied — offering a level of cleanliness and preservation that’s hard to find. Inside, you’ll find thoughtful, quality upgrades that elevate the space, including: Luxury vinyl plank flooring throughout Epoxy-coated garage flooring Modern glass shower enclosure A clean, move-in-ready interior that feels fresh and refined Step outside and you’ll understand what truly sets this home apart. Positioned on a premium water-facing lot with no rear neighbors, the backyard offers peaceful views and direct access to nature. Walk right out your gate onto a scenic trail overlooking a large tranquil pond, with the community’s resort-style pool, playground, and amenity center just steps away — all without sacrificing privacy. Additional peace of mind: No flood insurance required No hurricane damage — strong, reliable construction Located in the highly desirable Brookside community Ruskin, residents enjoy a lifestyle that blends convenience and relaxation. With easy access to major routes, commuting north or south is effortless, and you’re just minutes from a variety of shopping, dining, and everyday essentials. Why wait or overpay for new construction when you can own a better-than-new home, on a premium lot, with a below-market interest rate and seller incentives that could save you tens of thousands?
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.
