Seamless flow, natural light and functionality come to life in this perfectly laid out home in the highly sought-after gated Portico community. Built in 2019, this spacious and meticulously designed Sawgrass Model floorplan offers over 2,900 square feet of luxurious living space. With 5 bedrooms and 3 full bathrooms, this home provides plenty of room for family living and entertaining. As you enter, you'll immediately appreciate the open and flowing layout, featuring a bright and airy living room highlighted by a custom feature wall. The kitchen is a chef’s dream with brand new appliances, new countertops, a custom pantry, and a reverse osmosis system for ultimate convenience and purity. The thoughtful upgrades extend throughout the home, including new flooring and custom closets, making storage and organization a breeze. There is a whole house Eco water system and UV lights have been added to the HVAC system for pure air quality. The five custom bedrooms in this home have been thoughtfully transformed from builder's grade into beautifully designed spaces, each with its own unique character and charm. The primary suite is an impressive retreat, featuring a spacious layout and a luxurious bathroom complete with an oversized shower, a soaking tub, custom mirrors, lighting, and a striking feature wall that adds a touch of elegance. One of the bedrooms has been cleverly repurposed as a playroom, offering ample space for fun and creativity, but could easily be converted into a sophisticated office or study to suit your needs. The other bedrooms are equally customized, with attention to detail and style that make them comfortable and functional, perfect for family members or guests. Every room is designed to maximize both beauty and practicality, creating a perfect balance for everyday living. The true highlight of this home is the expansive lanai, extended to an incredible 64' x 25' with vaulted aluminum construction and "picture window" screening, offering unobstructed views of the gorgeous backyard. The entire space is floored with stunning travertine tile, providing a luxurious, durable surface for outdoor enjoyment. The private backyard is even further enhanced by a serene pond, creating a tranquil environment perfect for relaxation or entertaining guests. Other thoughtful upgrades include an added fence for privacy and security, ensuring your outdoor space remains an oasis for both family and friends. This home truly has it all—style, function, and comfort. Located in the prestigious Portico community, you'll enjoy a secure and welcoming neighborhood with a community pool, gym, tennis, pickle ball and playground. Don't miss the opportunity to own this dream home, where every detail has been carefully crafted to create the perfect blend of luxury and family living. Schedule your private tour today and experience firsthand what makes this home so special! The sellers have an assumable VA loan. Please ask for more details if you qualify for VA.
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.
