Virtually Staged. Don’t miss the chance to own a home that feels bright, peaceful, and easy to love from the moment you arrive. Step inside and you’re welcomed by a warm, comfortable layout designed for real everyday living, with an open living room that feels relaxed, inviting, and perfect for gathering, unwinding, or enjoying quiet nights at home. The updated flooring, soft neutral tones, and natural light create a clean and calming atmosphere throughout the main living areas. The kitchen is a true highlight, featuring light cabinetry, stainless steel appliances, a stylish backsplash, generous counter space, and a breakfast bar that keeps everyone connected whether you’re cooking, entertaining, or enjoying your morning coffee. Just off the kitchen, the dining area is filled with natural light from multiple windows, creating a cheerful space for family meals, weekend brunch, or peaceful evenings at home. The primary bedroom offers a calming retreat with soft carpeting, bright windows, and a comfortable ensuite bath with dual sinks, a soaking tub/shower area, and a walk-in closet. The additional bedrooms offer wonderful flexibility for guests, a home office, workout space, nursery, hobby room, or whatever your lifestyle needs. Step outside and the home becomes even more special, with a fenced backyard, beautiful palm trees, and a private patio area perfect for grilling, relaxing, hosting friends, or creating your own outdoor escape. Located in beautiful Edgewater, you’ll enjoy quick access to New Smyrna Beach, the Indian River Lagoon, Canal Street Historic District, Flagler Avenue, waterfront dining, boating, fishing, kayaking, and the natural beauty of Canaveral National Seashore. This is the kind of home that feels comfortable, inviting, and full of possibility the second you walk in. Schedule your private showing today before someone else falls in love with it first!
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.
