The beauty of this spacious home strikes you the moment you enter! The custom color scheme is accentuated with expansive high ceilings, crown molding, and beautiful wood flooring throughout the living area. Enjoy the large den with double doors just off the entry, perfect for an office space or private retreat. The foyer seamlessly blends into the unique and desirable gallery; an area perfect for showcasing works of art, library shelves, or other prized decor. This sought after Starlight model built by Neal Communities embodies the Florida lifestyle with its open living area combined with the huge, deluxe kitchen complete with a substantial kitchen island creating a focal point for sharing and entertaining. The kitchen boasts an abundance of cabinetry and beautiful quartz countertops, custom tile backsplash, and seating at the kitchen island, as well as in the gorgeously appointed adjoining dining room complete with custom wall paper, matching window treatments, and a stunning designer chandelier. The primary suite is a place of serenity, with newer plush carpeting, calming colors, and a beautiful view of the pond and surrounding trees. In addition, there are his and hers closets and a sunny ensuite bath with dual sinks and walk-in shower. This home has a split bedroom plan, with 2 bedrooms and a full bath just off of the gallery, as well as a roomy interior laundry featuring upgraded cabinetry and closet storage. The private half bath off the gallery hallway is outfitted with stunning custom wallpaper and filled with natural sunlight from the accent window. Just off the living area, through sliding glass doors, is an extended rear patio with natural gas already plumbed for a grill or summer kitchen. Enjoy relaxing outside while soaking up the beauty of the forest trees and mature hedge surrounding the tranquil pond where birds often visit. Also relax knowing the A/C system was replaced in 2025, and there are builder provided hurricane shutters in the garage. This lovely home is located in Eagle Trace, a gem of a community on the northern end of Lakewood Ranch. The community is gated and prides itself on its small, friendly, neighborhood feel. Plus, the neighborhood amenities are well-maintained, fun, and inviting! Residents and guests can relax and grill by the refreshing community pool, enjoy a game of pickleball at the tennis courts, or take their furry friend for a run in the dog park. In addition, the community provides lawn maintenance services to all owners. No need to bring the mower! Conveniently located minutes from shopping, dining, I-75, Lakewood Ranch, and the UTC Mall area, this home and community embody the Florida lifestyle!
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.
