Welcome to this exceptional, one-of-a-kind brick estate home offering over 3,000 square feet of living space, situated on over one acre in the highly desirable Mill Creek community. With timeless curb appeal, a sprawling layout, and incredible indoor-outdoor living, this property offers the perfect blend of privacy, space, and classic Florida charm. From the moment you arrive, you’ll be greeted by an expansive manicured lawn, mature shade trees, and stately brick exterior. Inside, the home opens to bright, open living areas featuring soaring ceilings and elegant marble flooring throughout the foyer, dining room, kitchen, and laundry room. This thoughtfully designed split floor plan includes 4 generously sized bedrooms, 3.5 bathrooms, plus a dedicated office/den, providing flexible space for families, guests, or working from home. The oversized primary suite serves as a true retreat with ample room, abundant closet space, and a spacious en-suite bath. Secondary bedrooms are well-proportioned and conveniently located near full bathrooms. The updated kitchen is designed for both functionality and entertaining, featuring wood cabinetry, Corian countertops, a large center island, built-in oven, stainless steel appliances, pantry storage, and an adjacent breakfast area. The kitchen flows seamlessly into the dining and family rooms, ideal for gatherings. The family room is anchored by a wood-burning fireplace, adding warmth and character. A bonus room with a full bathroom, privately located on the opposite side of the home, offers endless possibilities, perfect as a guest suite, game room, multigenerational living space, or private retreat. Step outside to your private backyard oasis, complete with a large screened-in pool (approximately 33’ x 14’) and expansive covered lanai, ideal for year-round enjoyment. The huge backyard with mature landscaping and fruit trees provides exceptional privacy with no rear neighbors, making it perfect for entertaining, relaxing, or enjoying the Florida lifestyle. Additional features include a spacious laundry room, ample storage throughout, and a large garage. Conveniently located near shopping, major highways, and top-rated schools, this home offers peaceful estate living with everyday convenience. Rare opportunity to own an over-3,000 sq ft home on acreage in Mill Creek. Schedule your private showing today.
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.
