This home is ready for the next chapter in it’s story. Welcome to this spacious and thoughtfully updated residence situated on a premium homesite overlooking a peaceful retention pond and the added benefit of no immediate rear neighbors. Just your privacy, a view of the water and golf course beyond. From the moment you step inside, soaring ceilings and abundant natural light create an impressive first impression. The welcoming front living room provides a flexible formal sitting area, home library, or entertaining space while maintaining clear sightlines through the home’s open and functional layout. Continue through to the formal dining room, perfectly positioned for entertaining and holiday gatherings, before entering the expansive main living area where the family room, kitchen, and casual dining spaces seamlessly connect. The kitchen is designed for both everyday living and entertaining, featuring generous cabinet storage, ample counter space, an eat-in breakfast nook overlooking the backyard, and an additional breakfast bar for casual seating. The first-floor primary suite offers a private retreat with convenient access away from the secondary bedrooms and features a newly updated primary bathroom complete with an oversized tiled walk-in shower and modern glass enclosure. Also located on the first floor is a dedicated office or den space ideal for working from home, a convenient updated half bath for guests, and a functional mudroom/laundry area directly off the two-car garage. Upstairs, the flexible layout continues with an oversized loft-style entertainment area perfect for a media room, game room, play space, or additional living area. Two generously sized bedrooms and a full bathroom complete the second level, creating ideal separation for guests or family members. The home features a newer roof (approximately 3 years old) and solar attic fan providing additional circulation and cooling efficiency. The screened in lanai features a private in ground pool and plenty of patio room for entertaining. Outside, enjoy the privacy and tranquility of your premium homesite where water views, mature trees, and natural surroundings create a backyard setting that feels both private and connected to nature. Ideally located with convenient access to UTC, Lakewood Ranch Main Street, and Waterside, you'll enjoy some of the area's most popular shopping, dining, and entertainment destinations just minutes away. Nearby nature trails, parks, and championship golf courses provide endless opportunities to enjoy the Florida lifestyle.This home combines space, functionality, privacy, and flexibility in a layout designed for both everyday living and entertainment. Schedule today and make that next chapter yours tomorrow!
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.
