There are homes that simply check the boxes and there are homes that create a lifestyle. This stunning 4-bedroom, 3.5-bathrooms residence offering nearly 2,900 square feet and a 3-car garage is one of those rare homes that truly delivers both elegance and comfort. From the moment you enter, the home welcomes you with an effortless flow of space and natural light, featuring formal living and dining areas, a private office with French doors, and beautifully connected living spaces designed for both quiet moments and lively gatherings. At the heart of the home is a spectacular kitchen showcasing a grand center island, striking custom hood, granite countertops, stainless steel appliances, and generous cabinetry, all opening seamlessly to the main living area. Beyond the glass doors, an inviting outdoor retreat awaits. The screened pool surrounded by elegant pavers overlooks peaceful pond views, where each evening brings unforgettable Florida sunsets reflected across the water. The thoughtfully designed garden spaces around the pool area create a sense of privacy and tranquility, making this the perfect place to unwind or entertain under the Florida sky. The primary suite offers a peaceful sanctuary with custom-built walk-in closets and a spacious ensuite bath, while additional bedrooms provide comfort and versatility for family, guests, or hobbies. Throughout the home, tile and luxury vinyl plank flooring add both style and durability. Beautifully maintained and truly move-in ready, this home offers the perfect balance of refined interior living and breathtaking outdoor beauty an ideal place to relax, entertain, and enjoy the very best of Florida living. Bahia Lakes is in close proximity to several marinas, waterfront restaurants and just 6 minutes away from major highways for easy access to St. Pete, Tampa, or Sarasota.
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.
