Custom pool and spa, private preserve views, and a beautifully upgraded interior define this exceptional Summerwood model in the gated community of Hammock Preserve on Palmer Ranch. Offering 2 bedrooms, a den, and 2 bathrooms, this home is designed for both everyday comfort and effortless entertaining. Inside, the open-concept layout is enhanced by large-format tile flooring, soft neutral tones, and an abundance of natural light. The main living area is anchored by a custom fireplace feature wall, creating a warm and modern focal point that immediately draws your attention. From here, a zero-corner sliding glass door opens completely to the outdoor living space, creating a seamless connection between indoors and out. The gourmet kitchen is both functional and refined, featuring quartz countertops, white shaker-style cabinetry, stainless steel gas appliances, a built-in microwave, and a spacious island with bar seating. Pendant lighting and a tile backsplash add subtle detail, while the layout flows naturally into the dining and living areas, making the space ideal for hosting or everyday living. The primary suite offers a quiet retreat with a spacious layout, while the en-suite bathroom features dual vanities, a large walk-in shower, and clean, modern finishes. The secondary bedroom and full bath are thoughtfully positioned for privacy, and the den provides the flexibility for a home office, guest space, or hobby room. Step outside to a private backyard setting with lush preserve views and no direct rear neighbors. The custom pool and spa are finished with travertine decking, water features, and LED lighting, creating a true resort-style experience. An extended covered lanai offers multiple areas for lounging, dining, and entertaining, making this outdoor space just as functional as the interior. Offered with furnishings negotiable, this home presents an opportunity for a seamless, move-in ready experience. Additional highlights include impact windows, smart home features, and quality construction by Divosta Homes, known for their solid build and thoughtful design. Hammock Preserve offers a resort-style lifestyle with a clubhouse featuring a barefoot bar, fitness center, heated lap pool and spa, pickleball, tennis, bocce courts, dog park, and fishing pier. Located in the heart of Palmer Ranch, you are just minutes from world-renowned beaches, shopping, dining, and everyday conveniences. **THIS PROPERTY QUALIFIES FOR A 1% LENDER INCENTIVE IF USING PREFERRED LENDER. INQUIRE FOR MORE DETAILS.**
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.
