Just Listed in Englewood Florida. This charming 3 bedroom, 1.5 bath pool home has been completely rebuilt and hurricane hardened from the ground up, delivering the feel of a brand new property with exceptional durability and modern comfort throughout. Step inside and you’ll be greeted by a bright, inviting kitchen that serves as the heart of the home. It features soft sage cabinetry, a striking marble look backsplash, warm wood toned plank flooring, a convenient movable island, and premium gallery stainless steel appliances including a wall oven, refrigerator, and new dishwasher. The luxurious primary bath is equally impressive, boasting a spa like oversized walk in shower with rich wood look tile walls, sleek black fixtures, multiple shower heads, built in niches, and a glass enclosure designed for two. Every detail has been thoughtfully upgraded including a new metal roof, impact windows and doors, fresh A/C system with new ductwork, upgraded electrical panel, spray foam insulation, whole house generator plug, new fencing, and exterior lighting. The modified floor plan now includes a true third bedroom, making the layout even more functional for full time living or seasonal escapes. Outside, the private backyard is a true oasis featuring a beautiful curved swimming pool surrounded by a spacious paver deck, perfect for relaxing and entertaining. There is also a large storage shed and plenty of room for outdoor gatherings all nestled within a fully fenced yard. Perfectly positioned near Rock Creek and convenient boat ramps, this home offers effortless access to fishing, boating, and the best of coastal Florida. Just minutes away, launch your boat or enjoy world class fishing in the local waters. Spend your days at Englewood Beach or Stump Pass Beach State Park for swimming, shelling, and dolphin watching, then head over to historic Dearborn Street in Olde Englewood Village for casual dining, boutique shopping, and that laid back Old Florida vibe at local favorites. Whether you’re looking for a year round residence or a low maintenance coastal retreat, this beautifully reimagined home has it all. Don’t miss your chance schedule a 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.
