Virtually Staged. Welcome home to the highly sought-after gated community of Canoe Creek! This beautifully maintained 3-bedroom, 2-bathroom home with a dedicated office offers the perfect blend of comfort, style, and functionality. From the moment you arrive, you'll appreciate the fresh curb appeal and inviting covered front porch, the perfect spot to relax with a couple of chairs and enjoy your morning coffee. Inside, wood plank tile flooring flows throughout the main living areas and office, creating a seamless and modern feel. Designed with entertaining in mind, the open-concept layout features a spacious kitchen overlooking the great room. The upgraded kitchen boasts a large center island with pendant lighting, granite countertops, tile backsplash, under-cabinet lighting, stainless steel appliances including a gas range, a large corner pantry with custom shelving, and a generous dining area for family meals and gatherings. The great room is highlighted by a tray ceiling and sliding glass doors that lead to the expanded lanai. With over 300 square feet of additional outdoor living space, there's plenty of room to entertain, unwind, or enjoy the 5-person HotSpring Highlife Spa . The fully fenced backyard offers added privacy with no rear neighbors. The spacious owner's suite features a large walk-in closet complete with a custom shelving system and an ensuite bathroom with dual sinks, a large tiled shower with frameless glass enclosure, and a private water closet. The split-bedroom floor plan places the secondary bedrooms and guest bathroom on the opposite side of the home, providing privacy for family and guests. Both secondary bedrooms include walk-in closets with custom shelving systems. Additional features include a large laundry room with utility sink and gas hookup for the dryer. The home also comes with a security system & cameras, irrigation, gutters and hurricane shutters. Residents of Canoe Creek enjoy an exceptional amenity package, including a gorgeous clubhouse with kitchen and gathering space, fitness center, resort-style pool and hot tub, fire pit, pickleball courts, dog parks, and scenic hiking trails. Conveniently located with easy access to Tampa, St. Petersburg, and Sarasota, all within approximately 45 minutes, this home offers the perfect balance of tranquility and accessibility. You're just a short drive from some of Florida’s world-renowned Gulf Coast beaches, including Anna Maria Island, Siesta Key, and Coquina Beach and just a few miles away from the Ft. Hamer boat ramp. Whether you're sipping your morning coffee, taking advantage of the community amenities, or entertaining friends and family on your expansive patio, this exceptional home truly checks every box for easy Florida living. Don't miss this opportunity to enjoy resort-style living in one of the area's most desirable gated communities!
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.
