Welcome to your own Key West-inspired coastal retreat, where laid-back Florida living & waterfront adventure combine. Adding to the appeal is a DEEDED WATERFRONT PARCEL across the street, providing a rare opportunity to enjoy direct water access with the potential to build a deck, launch kayaks, or relax along the shoreline with a fishing pole. For water lovers, the opportunities are truly endless. Owners also have the option to purchase annual memberships to the South Venice Beach Ferry, giving exclusive access to a private Gulf beach & the South Venice Community Boat Ramp & Kayak Launch, giving access to the Intracoastal Waterway & Gulf waters for boating, kayaking, and fishing adventures. As you arrive home, the attractive circular driveway & two front decks create an inviting first impression. The elevated stilted design not only delivers coastal charm but also offers peace of mind, positioning all living spaces above ground level. Step inside & feel quickly relaxed within this beautiful coastal TURN-KEY FURNISHED home. Designed for entertaining & everyday living, the spacious floor plan with easy-to-clean luxury vinyl flooring, features a large, open kitchen that serves as the heart of the home, connecting the front living room & rear family room. At the rear of the home, three fully pocketing sliding glass doors open the family room completely to an incredible elevated deck overlooking the heated pool below, protected by a hurricane-strapped screened lanai enclosure. Whether you're hosting sunset dinners, enjoying morning coffee while listening to birds, spending afternoons poolside, unwinding after a day on the water or gazing at the stars, this exceptional indoor-outdoor living space creates the perfect setting! Upstairs, all three bedrooms are thoughtfully positioned to create a private retreat away from the main living areas. The oversized primary suite is filled with natural light from an entire south-facing wall of windows & French doors that open up to a private balcony, the perfect place to begin or end your day. Cathedral ceilings enhance the spacious feel, while the impressive 12 ft closet provides great storage. The primary bathroom features dual vanities & tiled shower with built-in seat. Across the hall are two additional large bedrooms, both with high ceilings & fans. A hall bathroom with a bathtub serves these bedrooms. Adding to the home's comfort & efficiency, the second floor is served by its own air conditioning system. Hosting additional guests? Easy, due to the property's 50-amp RV HOOKUP. Looking for additional storage? Find a shed at the rear of the property & a storage closet between the carports. The storage closet has electric & is water connected with the ability to install a utility sink for easy clean-up before entering your living space oasis. Thoughtfully updated for comfort & storm readiness, the home features DUAL 2-ton AIR CONIDITIONING systems installed in 2022 & they are safely elevated above ground. A new electrical panel & WHOLE-HOUSE GENERATOR PLUG installed in 2019. Additional updates include a new ROOF in 2023 with hurricane clips (insurance discounts) & a NEW WATER HEATER, POOL HEATER & WELL PUMP installed in 2024. Combining coastal island charm with modern improvements & storm-conscious upgrades, this property offers more than just a home, it offers a lifestyle centered around outdoor living, waterfront recreation, entertaining & enjoying everything Florida's Gulf Coast has to offer!
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.
