Just two blocks from the river and less than a mile from the SR 64 boat ramp, 115 Brown Street is a charming Key West-style retreat that blends character, comfort, and true Florida living. Offering 3 bedrooms, 2 full baths, and clear pride of ownership throughout, this meticulously maintained home is set among the mature natural landscaping that defines the beloved River Haven neighborhood.Established in the early 1900s, River Haven offers a rare Old Florida feel with no HOA or CDD fees—giving you the freedom to fully enjoy your property. Situated on nearly a quarter-acre (.24 acres), the lot provides ample space to store your boat, RV, trailer, or work equipment right at home—an increasingly hard-to-find advantage.Inside, you’ll find thoughtful updates throughout, including luxury vinyl plank flooring, new subflooring, fresh paint, and newer stainless steel appliances, making this home truly move-in ready. The great room offers an easy, comfortable flow between the kitchen, living, and bedroom areas.Outdoor living is a standout feature. The fully fenced backyard is an entertainer’s dream with a large rear deck ideal for gatherings, cookouts, and quiet Florida evenings surrounded by mature landscaping and privacy.Storage and flexibility continue with an attached one-car garage with overhead storage, plus a rear slab offering potential for additional parking, a shed, or future expansion. Combined with the generous lot and no HOA restrictions, the property easily accommodates boats, RVs, tools, and recreational gear.A front deck provides the perfect spot for morning coffee or sunset views, while the nearby river and boat ramp support an active outdoor lifestyle.From its thoughtful updates to its exceptional outdoor space and unmatched storage flexibility, this home reflects consistent care and pride of ownership. If you're seeking comfort, convenience, and the freedom to truly live the Florida lifestyle, 115 Brown Street is ready to welcome you home. Schedule your private showing 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.
