Welcome to 1211 Delray Lakes Drive, a spacious, move-in ready two-story home in gated Delray Lakes in Delray Beach. Meticulously renovated throughout, this 4 bed, 3 bath home has all impact windows and doors, a 3 car garage, new roof (2024), and a newer pool (installed 2023), all overlooking serene lake views. The residence exudes coastal modern comfort with a well laid out floorplan. Upon entering, you are greeted by water views. European White Oak hardwood flooring throughout. Volume ceilings add an airy and spacious feel, enhancing the overall sense of openness. With a thoughtfully designed floor plan, this residence offers a perfect blend of traditional elegance while maintaining a great flow. Don't miss your opportunity to own in this great gated community in Delray Beach. First floor features a spacious primary bedroom suite, along with an additional full bathroom. Family room, living, room, kitchen, and dining room are also downstairs. Upstairs, 3 additional bedrooms and 1 bath provide space for family and guests, ensuring everyone enjoys privacy and comfort. The kitchen features gorgeous natural quartzite countertops and backsplash and top-quality floor to ceiling Lioher cabinetry. Appliances have all been updated: LG Electric Range/Stove (2026). Miele Dishwasher (2025). LG Refrigerator (2022). LG Washer/Dryer (2022) The backyard oasis features a newly installed pergola (2025). New pool (2023) features marble tile with turf inlay. Multiple sun shelfs and a bench make this backyard a great hang-out spot. Overlooking the lake, it invites you to relax and unwind in the Florida sunshine. Delray Lakes is a single-family gated community located east of I-95 and close to downtown Delray Beach. The community features a community pool (heated) with pavilion and restrooms, playground and 2 lighted tennis/pickleball courts. Tree lined streets create a lovely shaded canopy, along with street lights, sidewalks, and a private boat storage area and ramp leading directly onto Lake Ida. Monthly dues also include remotely monitored home security systems and high-speed internet. The front gate is located a short walk away from Lake Ida Park + Dog Park, a 189+ acre Palm Beach County Park that is home to a 2+ mile walking/biking/running path that follows the shoreline. There is the aforementioned dog park, picnic pavilions, shelters, boat launches and trailer parking, canoe/kayak launches, restrooms, overlooks and playgrounds. Delray Beach offers a variety of world-class public and private school options, many located within close proximity to Delray Lakes. Morikami Park Elementary School consistently ranks as one of the top elementary schools in Florida and offers the International Baccalaureate Primary Years Programme (IB PYP) for grades K-5. The IB PYP curricular framework focuses on the development of the whole child in a learning environment that encourages independence, academic challenges, inquiry, creativity, and responsible citizenship. This Choice program offers a comprehensive, inquiry-based approach to teaching and learning in an internationally designed concept-based model with guidelines on student learning styles, methodologies and assessment strategies. The PYP is a combination of the best research and practices from international schools and includes the study of world languages and cultures to enhance the international perspective. The IB Programme can be continued at Carver Middle School and Atlantic High School. Additional private and semi-private early learning, elementary, and middle school options in Delray Beach are available at Unity School, Space of Mind, Trinity Lutheran & St. Vincent Catholic School. The Gulf Stream School, American Heritage, Pine Crest, and St. Andrews Schools are all located a short drive from this great Delray Beach location as well.
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.
