Waterfront Paradise with Gulf Access – Heated Pool, 10K Lift, No HOA, No CDD! Experience the ultimate Florida lifestyle in this beautifully updated canal-front home with direct Gulf access. Bring your boat and all your water toys — the private 10,000 lb boat lift features water and electric at the dock for added convenience. A boat davit makes lowering kayaks effortless or can double as the perfect hammock swing for relaxing waterfront evenings. The fully fenced and gated backyard is an entertainer’s dream. Enjoy the heated saltwater pool surrounded by elegant pavers, plus a 220V hookup ready for your future hot tub. A covered cabana with lighting creates the perfect space for evening gatherings, while pet-friendly turf adds beauty and function to this low-maintenance outdoor retreat. Inside, the open floor plan offers: 2 spacious bedrooms Inviting family room Dedicated dining area Versatile flex room ideal for an office, den, or guest space Neutral tile flows throughout the living room and bedrooms, complemented by classic plantation shutters. The kitchen features quartz countertops and abundant cabinet space, perfect for both daily living and entertaining. The handicap-accessible spa shower includes all the bells and whistles, creating a luxurious, relaxing experience at home. Additional highlights include: Roof replaced in 2018 In-wall pest control system Full home water filtration system No HOA. No CDD. Waterfront living, thoughtfully upgraded and ready to enjoy. Dimensions of the dock in mls is not verified. Schedule your private showing today — this one truly has it all!
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.
