A tropical Naples hideaway on 1.14 acres—with the rare opportunity to purchase the adjacent 1.14-acre lot as well, giving you a total of 2.28 acres—this Golden Gate Estates property blends privacy, charm, and exceptional value. This inviting 3 bedroom + den, 2 bathroom home features a desirable split floor plan and sun-filled living spaces full of character, colorful designer touches, and serene views of the lush greenery surrounding the home. A NEW roof is coming soon, and the property is equipped with NEW gutters and downspouts for added peace of mind. This home is an incredible energy-efficient find, as the entire house runs on solar power, including a solar attic fan and a solar-assisted water heater (water heater is both electric and solar), resulting in remarkably low electric bills. The solar panels have also been professionally serviced and cleaned, offering optimal performance for years to come. Inside, the kitchen features wraparound tile counters, a breakfast bar with bright café-style seating, and a comfortable flow into the dining and living areas. Outdoors, the property transforms into a private tropical oasis with mature bamboo, palms, and vibrant plantings creating natural privacy. A shaded paver patio is perfect for gatherings, and the expansive backyard provides ample storage, room for recreational toys, and space to add a large resort-style pool. With no HOA restrictions, this home is ideal for investors, seasonal residents, or full-time buyers seeking quiet country living close to town. The option to acquire the adjacent vacant parcel enhances the potential to create a family compound, build an additional residence, or simply enjoy the added privacy and land. This is a truly unique opportunity to own an energy-efficient, estate-style property with room to grow.
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.
