Welcome to your private slice of Old Florida waterfront living. Set on a spacious 0.22-acre corner lot with no HOA or CDD fees, this 3-bedroom, 3-bathroom home offers 1,471 square feet along a quiet canal with direct access to the Little Manatee River and onward to the bay. Ideal for a small boat or pontoon, it blends waterfront access, privacy, and natural beauty in a setting that feels far removed from typical subdivision living. Inside, light-filled living spaces and easy-care flooring create a relaxed, comfortable feel throughout. The flexible layout adapts easily to everyday living, remote work, or hosting guests. Two primary suites provide exceptional versatility and privacy, including a full en-suite bath in one and a well-appointed shared bath with a soaking tub in the secondary wing. Built-in shelving adds charm and practical storage, enhancing the home’s warm, functional character. Recent upgrades provide peace of mind including a metal reroof (2024), HVAC system (2023), new well (2023), and new siding and gutters (2020). Additional improvements include updated flooring, remodeled bathrooms, new back doors, soffits and fascia, a reverse osmosis system (2021), and a newer dishwasher. Two refrigerators are included for added convenience. Thoughtfully positioned toward the rear of the home, a versatile bonus area with its own private entrance expands the possibilities even further. Complete with the third full bathroom, a walk-in closet, and a spacious laundry room with an additional refrigerator and ample storage, this space works beautifully as an in-law suite, private office, or playroom. Step outside and enjoy true Florida outdoor living. The backyard offers tranquil canal views with a firepit seating area perfect for cooler evenings, while the covered and screened lanai with dual ceiling fans creates a comfortable space year-round. A deck sits beside the RV carport, which includes water, septic hookup, and 30-amp power supply for added flexibility. The fully fenced vinyl yard delivers both privacy and usability, complete with three storage sheds. One standout structure is a detached, fully powered and air-conditioned shed ideal as a workshop, man cave, or private office, alongside an additional storage area for tools and equipment. With a 2-car carport, generous outdoor space, and direct water access, this property works equally well as a primary residence, vacation retreat, or investment opportunity. A rare combination of flexibility, upgrades, and peaceful waterfront living, this is one you won’t want to miss.
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.
