Boating, tubing, and sunset dock nights—this is a home that delivers more than just square footage. Lakes of Wellington welcomes you with its exclusive, quiet Southern charm. Residents of this gated enclave of just 60 homes enjoy a private park shaded by mature greenery, along with tennis and basketball courts, a playground, and access to ski-sized Hog Island Lake with a private boat ramp and dock. Enter through its brick walls and iron gates, where magnolia trees shade your arrival and porches, patios, and fountain ponds invite evening strolls and neighborly connection. Set on a quiet cul-de-sac and situated on over half an acre, this beautifully updated 4-bedroom, 3-bath home offers more than 3,400 square feet of flexible living space and a rare combination of privacy, function, and move-in-ready condition. Inside, the home has been extensively refreshed with luxury vinyl plank flooring throughout, interior paint including cabinetry, and updated bathrooms with new tile and fixtures. Major system updates—including a newer roof, HVAC systems, and pool improvements—provide peace of mind and eliminate the need for costly projects. The floor plan offers both openness and flexibility, with a first-floor primary suite, multiple living areas, and a private guest/in-law suite with its own bathroom and separate exterior entrance—ideal for multigenerational living, guests, or a private workspace. The kitchen opens seamlessly to the main living areas, creating a natural gathering space for everyday living and entertaining. Step outside to your private backyard retreat, where a saltwater pool, screened enclosure, and updated pool deck create the perfect setting for relaxing or hosting. The expansive homesite offers space to spread out, entertain, and enjoy the Florida lifestyle year-round. With no CDD fees, flood insurance not required, and a community that blends peaceful surroundings with convenient access to major roadways, shopping, dining, and top-rated schools, this home offers both lifestyle and practicality. If you’ve been waiting for a move-in ready home with space, updates, and true lifestyle value, this is one worth seeing in person.
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.
