One or more photo(s) has been virtually staged. Nestled in the beautiful, private River Wilderness Golf and Country Club, this wonderfully maintained Laurel Hill III model home sits in the desirable Hammocks section on over 1,500 acres of natural Florida beauty. Built by the well-respected local builder Bruce Williams, this single-family home is located in a non-flood zone and offers the perfect blend of comfort and low-maintenance living. Inside, you'll find 3 spacious bedrooms, 2 bathrooms, and a versatile den/office that’s ideal for a home workspace, hobby room, or guest area. The highlight is the screened saltwater pool in the backyard — perfect for year-round swimming in Florida’s sunshine. The solar panels come brand new in the box, so you can easily add pool heating if you’d like. Recent updates include a brand-new concrete tile Spanish-style roof (2024), a new water heater (2023), and a newer HVAC system (2021). You’ll also love the thoughtful touches like recessed lighting, plantation shutters, crown molding, and a full irrigation system. One of the best parts? There are no CDD fees, and the low HOA fee covers professional landscaping for your home — so you can relax instead of mowing or weeding. The community feels safe and serene with two 24-hour manned guard gates, private roads, scenic walking and biking trails, catch-and-release fishing, a community boat ramp with direct access to the Manatee River, and a lovely community pool. Golf and social enthusiasts will appreciate the optional club membership, which gives you access to the beautiful 18-hole, par-72 championship golf course designed by Ted McAnlis (with five sets of tees for every skill level), an Olympic-sized pool, fitness center, tennis and bocce ball courts, plus casual and fine dining options. Best of all, the location is incredibly convenient — just minutes from I-75, great restaurants, shopping, and everyday conveniences, while still feeling like a peaceful private retreat. If you’re looking for an elegant, move-in-ready home in one of the most desirable private communities in the area, this is it. Come enjoy the refined Florida lifestyle you’ve been dreaming of — comfort, nature, and community all in one wonderful place.
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.
