Back on the market! Buyer cancelled before inspections were complete - Welcome to this meticulously updated home where old Florida cottage meets modern comfort, and effortless outdoor living. This stunning property boasts a host of recent renovations, ensuring peace of mind and convenience for its new owners. Step inside to discover a fully remodeled kitchen (2021) with sleek new appliances, perfect for culinary enthusiasts. The main and guest bathrooms have been completely transformed (2023/2024), offering spa-like retreats. Fresh interior paint (2023) enhances the bright, inviting spaces, while whole-home impact windows and doors (2018) provide superior protection and energy efficiency. Upgrades abound: new A/C (2021) with transferable maintenance contract from Bowersox, a new water heater (2024), complete plumbing re-piping (2021), and an upgraded electrical system with all-new wiring and generator connections (2021), including an outdoor cabinet ready for your whole-house generator. An alarm system (2021) adds an extra layer of security. Outside, the magic truly unfolds. A new roof covers the home, lanai, and shed (2025, with transferable warranty), complemented by fresh exterior paint (2025). The enclosed lanai features a convenient counter area with sink and cabinetry, ideal for entertaining. Relax in the hot tub/spa under a beautiful pergola with sail fabric (pump and blower replaced 2024), or gather under additional pergolas shading the outdoor eating area and kitchen/grilling zone. All wood decking has been refinished with new stain/oil (2025), and a new irrigation system (2025) keeps the fantastic front and back landscaping lush. Landscape lighting highlights the beauty after dark, while a rainwater capture system, new water pump and filtration, and an outdoor potting/planting area with storage and bench promote sustainable living. The insulated shed (2024/2025) is a standout, complete with A/C, electricity, cabinetry, and finished plywood walls and floors—perfect for a workshop or studio. The regularly maintained Septic System with a recent inspection, should add peace of mind for potential new owners. This home is truly move-in ready and with no deed restrictions, CDD's or HOA, is perfect for your permanent home or rental opportunity. Embrace the Florida lifestyle in this oasis of updates and serenity!
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.
