Virtually Staged. Bonus Room with En-Suite Bath, a Spool, and a Private End-of-Street Setting! Tucked away at the end of a quiet street with no through traffic in the gated community of Rose Haven, this beautifully maintained Vitale Homes residence offers 2,490 square feet of thoughtfully designed living space and exceptional outdoor living. The versatile floor plan includes 4 bedrooms on the main level, plus a private upstairs Bonus Room with an en-suite bathroom. Ideal as a guest suite, media room, home office, playroom, or hobby space, this flexible area offers many of the features buyers often seek in a fifth bedroom.</p><br >Inside, you'll find an open-concept design highlighted by tile flooring throughout the main living areas, granite countertops, wood cabinetry, designer light fixtures in the foyer, dining area, and kitchen, a water softener, and an under-counter reverse osmosis filtration system. Designed for both everyday living and entertaining, the spacious layout offers seamless flow between the living, dining, and kitchen spaces. The split-bedroom layout provides privacy for the owner's retreat while offering comfortable accommodations for family and guests, while the upstairs suite provides additional flexibility for multigenerational living, overnight visitors, or a private retreat.</p><br >Step outside to your private backyard oasis featuring a screened lanai, paver deck, and spool—the perfect place to cool off on warm Florida afternoons or relax after a long day. As the sun sets, the Nebula lighting system creates a stunning ambiance for evening entertaining. The fully fenced backyard offers privacy and room for pets and play, while tranquil pond views enhance the home's spacious feel and outdoor enjoyment.</p><br >Built in 2019 and complete with a 2-car garage, this home combines modern construction, flexible living space, and resort-style outdoor amenities in one exceptional package. Residents of Rose Haven enjoy the security of a gated entrance and access to a community pool, providing even more opportunities to relax and enjoy Florida's year-round sunshine. With low HOA fees, desirable community amenities, and a convenient location near shopping, dining, schools, and major commuter routes, this exceptional home offers the Florida lifestyle you've been searching 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.
