Virtually Staged. One or more photos have been virtually staged. New roof. Paid-off solar. No rear neighbors. Quiet interior location. Larger 2-bedroom floor plan. You know the feeling when you finally exhale? That is the opportunity waiting at 129 Crepe Myrtle Drive inside the guard-gated Cascades of Groveland 55+ community. This single-story home offers the kind of practical Florida living many buyers want but do not always find: 2 bedrooms, 2 full bathrooms, a 2-car garage and 1,848 heated square feet. It gives you the breathing room of a larger floor plan without forcing you into extra bedrooms you may never use. The location within the community is a quiet advantage. The home is tucked away from the main traffic flow, yet sits just a block from a residents-only gate for quick and convenient entry and exit. Inside, the layout is open, comfortable and easy to move through. Tile and luxury vinyl plank flooring run throughout the home, with no carpet, creating a clean and consistent flow from room to room. The kitchen connects naturally to the main living areas, so daily life feels open without the home feeling oversized or hard to manage. The big-ticket items are where this home really separates itself. The roof was replaced in September 2025, and the solar system is paid off. Combined with natural gas service for heat, water heater and stove, the seller reports total utility bills typically run about $60 to $70 per month. In a market where monthly costs matter, that is a serious advantage. The outdoor living gives you exactly what people hope to find in Florida. A shaded front porch offers a welcoming place to start the day, while the screened rear lanai, accessed by dual sliding doors, gives you a private retreat with no rear neighbors behind you. Morning coffee, evening breeze, quiet reading or simply a little space to yourself, this home gives you that option every day. The seller has also taken steps to improve the home’s showing condition, including professional cleaning. Beyond the home, Cascades of Groveland offers the active-adult lifestyle people move here for, including a large clubhouse with restaurant and bar, fitness center, indoor and outdoor pools, pickleball, bocce ball, tennis, walking paths, classes, activities, gated security, lawn and hedge maintenance, and community management through the HOA. This is not a flashy flip. It is a comfortable, well-positioned, energy-conscious home with privacy, space and major value already in place. If you are looking for quiet single-story living in a gated 55+ community with a new roof, paid-off solar, no rear neighbors and a larger 2-bedroom layout, 129 Crepe Myrtle Drive belongs on your must-see list.
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.
