Experience modern Florida living at its finest in this beautifully maintained 3-bedroom, 2-bathroom home with a 2-car garage. Built in 2021 and offering 1,859 square feet of thoughtfully designed living space in the sought-after gated community of Canoe Creek in Parrish, this is the home you have been waiting for. Step inside to a welcoming foyer that sets the tone for the home’s bright and open layout. Just off the entry, you’ll find two well-appointed bedrooms on the left and a versatile den on the right, perfect for a home office, playroom, or additional guest space. The home then opens into a spacious great room and kitchen combination, ideal for both everyday living and entertaining. The kitchen is as functional as it is stylish, featuring granite countertops, crisp grey cabinetry, and a central island with sink that overlooks the dining area. A dedicated dining room provides the perfect setting for hosting gatherings and special occasions. Tucked away at the rear of the home for maximum privacy, the primary suite offers a peaceful retreat with direct views of the oversized covered patio. The en suite bathroom includes a large double vanity, walk-in shower, and separate water closet. A generous walk-in closet with custom cabinetry provides ample storage and organization. The backyard is an oasis, with an oversized rear patio that is fully covered. The backyard is fully fenced in for additional privacy and security. The crown jewel of the backyard is the five person Hot Springs spa that is included in the purchase! Additional highlights include a well-equipped laundry room with a utility sink and abundant counter space, as well as an expansive covered patio—perfect for relaxing or entertaining outdoors. Residents of this gated community enjoy access to a wide array of amenities, including a clubhouse, resort-style pool, fitness center, outdoor seating areas, and pickleball courts. This move-in ready home combines modern comfort, smart design, and exceptional community features. Don’t miss your opportunity to make it yours!
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.
