THIS PROPERTY HAS NEVER FLOODED AND SITS HIGH AND DRY! Welcome to 12831 Seaside Key Court, located in the sought-after Gulf and River access community of Moody River Estates, where luxury waterfront living meets the perfect SW FL lifestyle. This three-bedroom, plus den, two-bath home, offers the ideal combination of comfort and relaxation. The open-concept design is filled with natural light throughout, with upgrades such as: newer Trane HVAC – High Efficiency (2024) with Dryer Vents and Air Ducts Cleaned, newer HWH (2024), whole house generator, diagonal porcelain tile, tray ceilings, a gourmet kitchen with a large walk-in pantry, double sink, granite countertops, SS appliances, custom backsplash, custom window coverings, wood cabinetry, 8 Foot Raised Panel Doors, Archways, volume ceilings, designer lights and fans, and on trend finishes that make entertaining effortless. The split-bedroom layout provides separation and privacy, while the versatile den offers endless options as a home office or a fourth bedroom. Step outside to your personal paradise and grill canal-side, while enjoying a colorful sunset by your fire pit enjoying your favorite glass of wine, surrounded by lush tropical landscaping and warm ocean breezes. Whether relaxing with your morning coffee, or hosting friends and family, your large private space offers a true resort-style experience that must be seen to envision the possibilities. For boating enthusiasts, this property includes a private floating dock and large deck. The garage is a man/woman cave dream-come-true with room for a workshop, epoxy floors and a Generator plugin. Exclusive Moody River Estates, further enhances your lifestyle with resort-style amenities including; private security gate, boat ramp, clubhouse, fitness center, community pool and spa, tennis, pickleball, basketball courts, playground and scenic nature walking trails and more. Boat from your dock to the Downtown River District for dinner, dancing, art shows, bike night and so much more! This gem offers convenient access to Miami, Fort Lauderdale, Tampa and Orlando. This is where happy memories are made. It's time to reward yourself and elevate your lifestyle... Please call today for more information!
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.
