Welcome to the perfect blend of Elegance & Comfort! Built in 2022, this stunning WestBay "Key Largo" floor plan offers a seamless blend of luxury, convenience, and modern design. Boasting 3,192 square feet of beautifully crafted living space, this home features four spacious bedrooms, three pristine bathrooms, and a dedicated office, all designed for effortless living. From the moment you step inside, 12-foot-high ceilings and gorgeous tile flooring set the tone for an open, airy ambiance. The great room, adorned with a wood-beamed ceiling and French sliders to the lanai, flows effortlessly into the gourmet kitchen, where culinary dreams come to life. Enjoy sleek Sonoma white cabinetry, Arbor faucets, and stunning Calacatta Novello Corian Quartz countertops, creating a space as stylish as it is functional. For those who work from home, a private office with classic French doors offers the perfect retreat. When it's time to unwind, the bonus room, also with French doors leading to the lanai, provides a fantastic space for entertainment and relaxation. No backdoor neighbors ensure your peace and privacy. The primary suite, accessed through elegant double doors, is a true sanctuary. Featuring a spa-like en-suite with a soaking tub and separate shower, this retreat is designed for pure relaxation. Two additional bedrooms share a full bath, while a fourth bedroom offers the perfect guest space. Throughout the home, thoughtful details like crown molding, an oversized front porch, and a spacious screened lanai add charm and character. Step outside to a blank canvas awaiting your dream outdoor oasis, where you can enjoy Florida living year-round. Nestled in a desirable gated community just moments from Triple Creek Nature Preserve, this home offers the perfect blend of privacy, convenience, and outdoor adventure. Don’t miss out on calling this stunning home that still offers a builder warranty until 2032, home!
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.
