Welcome home to this thoughtfully upgraded 3-bedroom, 2-bath residence featuring a versatile bonus room and high-end ceramic tile flooring throughout. Conveniently located within minutes of grocery stores, restaurants, and everyday services, you'll also enjoy easy access to I-75 and University Parkway in approximately 10 minutes, with the Gulf Coast's renowned beaches just 35 minutes away. What truly sets this home apart is the incredible attention to detail and functionality throughout. The kitchen has been extensively customized with a focus on storage, organization, and everyday convenience. Expanded countertops provide abundant workspace while still leaving plenty of room for small appliances. Custom tongue-and-groove hardwood cabinetry offers storage solutions rarely found in this price range, including built-in spice racks, knife storage, and a dedicated cookbook holder. Cooking enthusiasts will appreciate the natural gas cooktop with pot filler, built-in French door oven, second built-in wall oven, drawer-style microwave, and innovative double-drawer dishwasher that allows each drawer to operate independently. Additional custom features include integrated RGBW lighting at the floor, countertop, and upper cabinet levels, as well as a built-in mixer lift constructed with matching granite from the countertops for seamless appearance and convenience. The primary suite features an updated ensuite bathroom with dual sinks, custom cabinetry with extensive drawer storage, a dedicated makeup station, and a tiled glass shower. Two additional bedrooms and a flexible bonus room provide space for guests, a home office, hobby room, or additional living area depending on your needs. Outdoor living is equally impressive. The screened lanai has been designed to maximize enjoyment of Florida's year-round weather and includes a tiled patio, three-person hot tub, and Napoleon gourmet grill connected directly to the home's natural gas supply. The lanai is also equipped with electricity, water, and natural gas connections, creating a highly functional outdoor living and entertaining space. From the custom kitchen features and extensive storage solutions to the upgraded outdoor living areas, this home offers a level of craftsmanship and functionality that is difficult to find. Combined with a convenient location near shopping, dining, major commuting routes, and Gulf Coast beaches, this property delivers exceptional value and features rarely found in this market.
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.
