Welcome to a home that checks all the boxes for Florida living — modern finishes, peaceful surroundings, and room to grow. Nestled in the welcoming Meadow Ridge community of Grand Island, this beautifully maintained 3-bedroom, 2-bath residence blends style, function, and outdoor potential in one inviting package. Step inside and you’ll immediately notice the luxury vinyl plank flooring, offering the perfect mix of durability and upscale style throughout the main living areas. The open-concept layout creates a natural flow between the kitchen, dining, and living spaces — ideal for entertaining or everyday life. Natural light fills the home, giving every room a bright, airy feel. The kitchen serves as the heart of the home with generous counter space and cabinetry, making meal prep easy while still staying connected to family or guests. Whether it’s a quiet night in or a house full of friends, this layout was designed to bring people together. The spacious primary suite offers a relaxing retreat at the end of the day, while the additional bedrooms provide flexibility for family, guests, or a dedicated home office. But the real standout feature is the backyard. Enjoy a super-sized yard with NO rear neighbors, giving you privacy and peaceful views — a rare find. There’s plenty of room to add a pool, create an outdoor kitchen, garden, or design the backyard oasis you’ve always imagined. This is an outdoor space with true potential, not just grass. Additional upgrades and features include: Water softener system Termite bond/policy for added peace of mind Attached garage for storage and convenience Modern, low-maintenance flooring Open and functional floorplan Located in a community designed for connection and relaxation, residents enjoy a neighborhood playground and picnic area — perfect for weekend fun, gatherings, or letting little ones burn off energy close to home. You’ll also love the convenient access to nearby shopping, dining, and Central Florida’s beautiful lakes and outdoor recreation. Privacy, modern finishes, and a backyard big enough for your future pool — this home offers the lifestyle you’ve been looking for.
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.
