Peaceful Country Living Without the Wait — Move-In Ready on just under half acre. Experience the best of quiet, country-style living at 11428 Pelicam Ave in the highly desirable Royal Highlands area of Weeki Wachee / Brooksville. Built by Hartland Homes, known locally for quality construction and long-lasting craftsmanship, this spacious 4-bedroom, 2-bath home sits on a beautiful .46-acre+ lot with no HOA, offering freedom, privacy, and room to grow. Inside, you’re welcomed by high ceilings, abundant natural light, and a thoughtful layout designed for both comfort and everyday convenience. The home features a formal dining room, ceiling fans throughout, and an inside laundry room with a utility sink. A sprinkler system covers the front yard and part of the back yard, making maintenance easy. The garage has a mini split and currently has been used as a man cave. The backyard is pre-wired for an above ground pool. At the heart of the home is a large, open kitchen—ideal for weeknight meals or weekend entertaining. With generous cabinet storage and plenty of prep space, it’s the perfect place to gather, cook, and connect. The master suite is your relaxing retreat, offering dual sinks, a beautifully tiled walk-in shower, and a luxurious oversized soaking tub and walk in closet. Step outside to the peaceful backyard, where you can enjoy your morning coffee, watch wildlife, or fire up the grill for family dinners. The property is fully fenced in the back, set back from the road, and surrounded by greenery for an added sense of privacy—while still being close to paved roads for easy commuting. You’ll also enjoy being just minutes from shopping, dining, schools, and the natural beauty Hernando County is famous for, including Weeki Wachee River, and Gulf Coast waterways perfect for boating, kayaking, and weekend adventures. Whether you’re looking to move right in, add your personal touches, or invest in a solid rental property, this home offers space, freedom, and an unbeatable location in one of the area’s most sought-after locations. Schedule your showing today—and bring an offer the seller can’t refuse! Some of pictures have been digitally enhanced.
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.
