Experience the best of Florida living at 12 Karat Path—where privacy, convenience, and the laid-back Flagler County lifestyle come together. Nestled in a quiet Palm Coast neighborhood, this well-maintained 3-bedroom, 2-bath home offers 1,470 sq ft of comfortable living space and sits on a serene homesite that backs to county-owned conservation land, ensuring long-term privacy and peaceful natural views. Step inside to find a bright, functional layout with an inviting kitchen featuring abundant cabinet storage, perfect for anyone who loves to cook or entertain. The home also offers practical upgrades including a 2017 A/C system, a 2021 roof, and a deep garage designed to fit a full-size truck—a rare and valuable feature. But beyond the home itself, it’s the lifestyle that makes this property special. Living in Palm Coast means enjoying the best of coastal Florida without the congestion of the bigger cities. Just minutes away, you’ll find miles of untouched shoreline along Flagler Beach, a charming coastal town known for its laid-back atmosphere, fishing pier, surf culture, and dog-friendly sandy shores. Whether you enjoy early-morning sunrises, long beach walks, or weekend gatherings at the water, this location offers it all. Palm Coast and the greater Flagler County area are also home to exceptional local dining. Enjoy fresh seafood at favorites like Flagler Fish Company, Oceanside Beach Bar & Grill, and Beachfront Grille, or explore the area's eclectic mix of cafés and locally owned restaurants throughout both Palm Coast and Flagler Beach. For shopping and convenience, you're just minutes from the Palm Coast Town Center, Publix, medical facilities, and boutiques along A1A. Commuters will appreciate the easy access to I-95, with a quick drive south placing you in Daytona Beach for work, entertainment, or airport access—making this home the perfect blend of peaceful living with big-city convenience. Surrounded by natural preserves, miles of walking and biking trails, and close to some of Florida's most beautiful parks, Flagler County continues to be one of the fastest-growing—and most desirable—coastal communities in the state. If you’re looking for a private, well-kept home in a prime location that offers the true Florida lifestyle, 12 Karat Path is a must-see.
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.
