Gorgeous 4-Bedroom + Bonus Room Pool Home with Serene Water Views in River Plantation. Discover resort-style living in this spacious 3,120 sq ft single-family gem boasting 4 bedrooms, 4 full bathrooms, and a versatile bonus room—ideal for a home office, gym, media room, or extra guest space. Situated on a prime west-facing lot, the home captures breathtaking sunrises over peaceful water views, perfect for unwinding in the screened lanai or enjoying golden-hour glow by the pool. Enter through a large, welcoming foyer into an expansive, open-concept floor plan where the living room truly serves as the heart of the home—great for everyday living and entertaining. Major updates provide peace of mind: new roof (2024), hurricane-impact windows, new lighting fixtures and ceiling fans throughout, plus a full-house water softener for effortless maintenance. The chef's dream kitchen is a standout, featuring freshly painted 42" cabinets, newer stainless steel appliances, durable epoxy countertops, a chic slate tile backsplash, a large island perfect for prep and casual meals, and two generous closet pantries. The adjacent oversized dining area flows seamlessly for hosting gatherings large and small. Step outside through the center-opening sliding patio doors to your private paradise: a covered and screened lanai overlooking tranquil water views, a resort-style chlorine pool (installed 2021) for year-round enjoyment, and a premium outdoor kitchen with a $10K Blaze grill, mini-fridge, and ample entertaining space. The oversized, fully fenced backyard offers privacy, room for play, pets, or gardening. Privacy is key with the split-bedroom layout. The spacious primary suite includes a direct private access to the screened lanai, and a huge walk-in closet. The luxurious en-suite bath features a double-sink vanity, garden soaking tub, walk-in shower, and separate water closet. Two guest bedrooms share a convenient hall bath, while the fourth bedroom offers its own private en-suite bathroom—perfect for visitors, multigenerational living, or a teen suite. An interior laundry room with utility sink adds daily ease. Nestled in the established River Plantation community (NO CDD fees and low HOA!), enjoy resort-like amenities without the extras: clubhouse, community pool, basketball court, tennis/pickleball courts, playground, nature trails, and kayak/canoe launch. Prime location minutes from the Ft. Hamer boat ramp, A-rated schools, vibrant Creekside Commons (Lowe's, HomeGoods, Crunch Fitness, Panera), Ellenton Premium Outlets, and easy I-75 access to Sarasota/UTC, St. Petersburg, Tampa, and pristine Gulf beaches. Modern upgrades, thoughtful design, abundant space, and unbeatable Florida outdoor living— this west-facing beauty won't last long!!
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.
