Perfectly tucked away on a tranquil cul-de-sac in Driftwood Estates, this charming traditional home offers a timeless curb appeal in a peaceful setting. Surrounded by mature landscaping and minimal through traffic, it's the ideal retreat for those seeking comfort, privacy, and classic design.Step through the front door into a warm and inviting dining area that sets the tone for the home's open-concept layout. Crafted with entertaining in mind, this welcoming space offers seamless flow into the heart of the home.The main living area features vaulted ceilings, creating a sense of openness and enhancing the overall spaciousness of room. A lited door gives you access to the private fenced in backyard and patio, where you can enjoy family barbecues and the Florida sunshine. The kitchen is equipped with sleek granite countertops, along with an elegant single-handle semi-pro dual spray faucet, an attractive glass tile backsplash, and a stainless-steel appliances suite. Substantial in size, the primary bedroom offers a generous walk-in closet, in addition to an ensuite completed with a quartz vanity with dual sinks, and a soaker tub, perfect for relaxing after a long day. Located on the opposite side of the home, providing privacy from the primary bedroom, two additional guest bedrooms share a well-appointed full bathroom featuring a brand-new quartz vanity and updated fixtures. Upgraded two-car garage features a vinyl commercial floor mat for a clean look, that is both durable and easy to maintain, in addition to wall mounted shelving and overhead racks, maximizing the space and keeping the area organized. Conveniently located just off the garage, the efficient laundry room, also serves as a handy drop zone with space to hang coats and bags. A smart use of space, it offers everyday convenience without sacrificing functionality. The Driftwood Estates community is beautifully enhanced by mature Florida landscaping and offers residents access to a community pool, clubhouse, fishing ponds, and scenic walking trails. Located within the community is Driftwood Estates Park, featuring basketball courts, pickleball courts, tennis courts, multi-purpose fields, picnic areas with grills, pavilions, a playground, and a track trail, perfect for outdoor recreation and family fun.
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.
