Welcome to this beautifully appointed two-story home offering 5 bedrooms, 4.5 baths, and more than 5,100 sq ft of exceptional living space. Situated on a 0.30 acre homesite, this property features a resort-style backyard with a beach entry pool, heated spa, a NEW pool enclosure, and a spacious paver patio, creating the perfect setting for entertaining or relaxing in complete privacy. Inside, the open-concept main living area combines a spacious family room, a large breakfast nook, and a stunning chef’s kitchen equipped with stainless steel appliances, quartz countertops, an oversized center island, tile backsplash, two walk-in pantries, and raised beige wood cabinetry. Large windows allow natural light to brighten the entire space, enhancing the home’s warm and inviting feel. The first floor also includes a dedicated office/study and a first floor bedroom with its own full bath, ideal for guests or multi generational living. A stylish half bath with travertine accents completes the main level. Upstairs, the private bedroom level features four additional bedrooms, including a spacious owner’s suite with dual walk-in closets, a soaking tub, and a separate glass enclosed shower. The remaining bedrooms are generously sized with walk-in closets and ceiling fans; two share a full hallway bath, while another enjoys its own ensuite bath. The second level also features a large movie theater room and an expansive loft/game room with a built-in wine bar, providing exceptional spaces for entertainment, relaxation, and recreation. Convenient second floor laundry adds ease to daily living. The home is equipped with a NEW Tesla solar power system, offering modern energy efficiency and long term utility savings. Outside, the fully fenced backyard provides privacy, ample space to play, and a dog run. A three car tandem garage with overhead storage and an extended driveway offers plentiful parking. Ideally located near the FishHawk Sports Complex, Big Bend YMCA, St. Joseph’s Hospital, diverse dining options, and multiple Publix locations, this home offers luxury, comfort, and convenience in one impressive package.
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.
