This beautiful four-bedroom, three-bath, three-car garage three-way split floor plan pool home is tucked away on a private corner lot in the highly sought-after gated Diamond Hill community. Backing up to over 500 acres of county-owned conservation, you’ll enjoy peaceful views and the chance to take in Florida’s natural wildlife right from your own backyard. Recent upgrades provide peace of mind: roof, entire AC system - Carrier AC, and water softener (all 2023)! Step inside the inviting double-door entry and be impressed by the spacious layout. To your right, you’ll find an extra-large formal living room and dining room. Natural light fills the space through ample windows, creating a bright and welcoming atmosphere. At the heart of the home is the open-concept kitchen, breakfast nook, and family room—perfect for everyday living and entertaining. The kitchen features a central island with extra storage, ample cabinetry plus a pantry closet, plus a large breakfast bar and oversized breakfast nook. The family room, pre-wired for stereo, opens seamlessly to the screen-enclosed lanai and pool through pocket sliding doors, blending indoor and outdoor living. Off the kitchen, you’ll find a laundry room with utility sink and cabinetry, plus convenient access to the three-car garage. The home’s split bedroom plan provides privacy for everyone! Two bedrooms share a full bath with a tub/shower combo. A fourth bedroom has its own full bath with pool access, making it ideal for guests or a private office. The primary suite is a retreat of its own, featuring two walk-in closets (one extra-large), and a spa-like ensuite with dual sinks, soaking tub, step-in shower, and private water closet. Step outside to your private inground pool and lanai, overlooking the fully fenced backyard and conservation area—perfect for relaxing or entertaining. Living in Diamond Hill means enjoying great community amenities, including a clubhouse, pool, playground, tennis courts, and pickleball courts. The neighborhood backs up to the scenic Diamond Hill Golf Course, which offers its own clubhouse and a stunning course. This home is move-in ready—just bring your personal touch and start enjoying everything it 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.
