Welcome to your own private slice of paradise with NO HOA and NO CDD! Bring all the toys including the RV as the 220/110 volt hook up is already waiting for you! This impeccably maintained 3-bedroom, 2-bathroom single-family home sits on a cross-fenced 1-acre property, offering the perfect blend of peaceful country living with everyday convenience. The updates in the home and property are numerous, be sure to ask for a complete list of the upgrades and features! From the moment you arrive, you’ll appreciate the pride of ownership throughout, starting with the exterior curb appeal, beautiful landscaping, and cozy covered front porch with bench seating. Inside, the home features vaulted ceilings, fresh interior paint, new carpet in one of the bedrooms and thoughtful updates that create a bright, open, and inviting atmosphere. A newer roof adds peace of mind, while the well-maintained condition makes this home truly move-in ready. All bedroom closets have custom built-in storage systems, and there is a reverse osmosis system in the kitchen too! Step out through your French doors to your freshly painted screened in and covered back porch, while admiring your multiple vegetable gardens. Feel secure knowing you have an exterior generator hookup, emergency water tanks (approx. 1,200 gallons) and a wired home security system with 8 channels. On your 1 acre sprawling property you’ll feel truly free. Harvest your fruits and vegetables in the existing multiple gardens, and enjoy the large chicken pen with hatching area and a large rabbit pen. The chickens and rabbits can be purchased too! 19 Rhode Island Red-hatched egg layers and “Florida White” rabbits, 1 buck & 2 doe. The property includes a plethora of plants including Travelers Palm, Silver Bismark Palm, Triangle Palm, East African Acacia, Norfolk Pine, Bougainvillea, Bromeliad, Mango, Guava, Fig, Ponderosa lemon, Persian lime, 2 types of banana trees, calamondin-citrus, castor bean, coconut, ginger, desert rose, hibiscus, aloe vera, staghorn fern, multiple succulents, pineapple, queen of the night and more! This property is perfect for those looking to embrace a more self-sufficient lifestyle. Enjoy the private, tucked-away feel, yet still just minutes from everything you need—grocery stores, shopping, and a variety of restaurants—making this an ideal location that offers both convenience and tranquility. If you’ve been searching for space, privacy, and flexibility without sacrificing location, this is the one.
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.
