Near Perfection! Bring the outdoors in & expand your entertainment! Incredible Custom Homes by WestBay Key Largo floor plan home 4 Bedrooms, 3 full bathrooms, & that much-needed 3-car garage! Stunning scenic view of pond from great room, bonus room, owner's retreat, & screened lanai/patio/pool area. This home is positioned on one of the nicest streets in Waterleaf! Deluxe kitchen with spacious island workspace & seating for six. Designer raised panel white cabinets with pull-out shelves in floor cabinets. GE double oven range. Vented microwave. Over-sized, walk-in pantry. Attractive recessed can lighting & uplighting over cabinets & under-cabinet lighting. Dishwasher, microwave, & refrigerator were replaced in the last 3 years. Secondary bath with designer raised-panel cabinets & a granite countertop with top-mounted china sinks. Moen “Eva” brushed nickel fixtures. The tile work & craftsmanship define the luxury upgrades in this home! Tiled wall to ceiling around tub & shower. Secondary bath to pool with a walk-in shower with tiled ceiling, designer cabinets. Primary retreat & bath with two spacious walk-in closets, one customized. Designer cabinets with two sinks & a vanity desk. Wall-to-wall framed mirror. A garden tub & a separate enclosed shower with tile to the ceiling. Primary retreat with tray ceiling & crown molding. Custom laundry room with laundry tub, raised panel cabinets, & custom tile walls. Upgraded Samsung washer/dryer. New carpeting in all bedrooms & closets. Energy-saving features. High efficiency, 15 SEER-rated air conditioning system with a programmable thermostat. R-9 foam-filled block. R- 33 blown insulation over conditioned space. Radiant barrier roof sheathing. Energy-efficient water heated with programmable control. Certified Energy Star 3.1 home. Double-door entry into 12-foot foyer with tray ceiling & crown mould. Dining room with 12ft tray ceiling & crown molding, custom millwork, & mirror. Great room & kitchen with 12-foot tray ceiling & crown molding. Office/Den with 10ft tray ceiling and crown molding. Bonus room with a 10ft ceiling and crown molding. Surround sound systems in the great room, bonus room, and lanai — three Sony multichannel AV receivers included. Eight-foot glass doors fully open to a screened lanai and patio with an LP gas tank for heated pool and hot tub. Internet-controlled AquaPure pool/hot tub control system. Lanai pre-plumbed for an outdoor kitchen (electric and water). Backyard fenced for security and the assurance for safe play for the kids and pets. Custom concrete curbing on front landscaping. Irrigation system. In-walls pest control and termite protection by Home Team Pest Control. As part of Waterleaf, one of South Shore’s most desirable gated communities, you’ll enjoy outstanding amenities, including a resort-style pool ideal for relaxation and fun, outdoor fitness stations perfect for staying active, and basketball courts, along with walking trails for recreation. The community also a free roam dog park. The clubhouse that’s perfect for social gatherings and events. Convenience is further enhanced with HOA fees covering Spectrum internet and television services including HBO, Disney+, Hulu, Paramount+, Peacock Premium, FOX One, and AMC+ streaming apps. Located with effortless access to both Tampa and Sarasota, this home is also close to Gulf Coast beaches like Apollo Beach, as well as nature destinations such as Little Manatee River State Park and Manattee Viewing Park.
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.
