News flash! Price just improved and ready to sell! Bring your imagination and contractor to re-create this home into a beautiful showplace—seller welcomes offers. RUSTIC CHARM + UNMATCHED LIFESTYLE This home has incredible bones and overflowing character—it’s full of charm and potential. While it’s not a handyman special, a few fresh interior touches and minor upgrades would instantly boost its value. The biggest change? A fresh coat of paint to brighten the space and make it shine. Your dream home is just a few tweaks away! Scroll to the end to see some photos – you won’t believe this one; won’t last long. Call TODAY – seriously, this is a MUST SEE! • Fenced dog run • Gas stove • Chicago brick courtyard & fireplace • Two-car garage • Huge bedrooms • Open-concept living with floods of natural light This home is rare, irresistible, and ready for you – don’t wait! Welcome to 1508 Arcadia Avenue — a private one-acre sanctuary surrounded by mature trees, natural wildlife, and breathtaking sunrise and sunset skies. Properties offering this kind of land, character, and upside potential are becoming increasingly rare in Southwest Florida. From the moment you enter the Chicago brick courtyard, you feel the warmth and authenticity that make this home unforgettable. Inside, the open-concept layout flows effortlessly, centered around a cozy fireplace and complemented by gas appliances, barn doors, and charming architectural touches throughout. The home shows beautifully — many buyers initially believe it’s turnkey — yet it also presents an extraordinary opportunity for strategic updates that could transform it into a true showpiece. Already appraised near $450,000 and fully inspected, this property offers clarity and confidence. For investors and savvy buyers, the value proposition is clear: modest renovations could unlock significant built-in equity in a market that continues to strengthen. The expansive one-acre lot provides room to expand, enhance outdoor living, add a pool, create a garden oasis, or design the ultimate entertaining space. With a two-car garage and abundant privacy, this property delivers both comfort and flexibility. Location is everything — and this one delivers. Southwest Florida continues to experience impressive growth, with proximity to the renowned Sarasota coastline, vibrant Venice, and surrounding areas driving demand and appreciation. Acreage properties at this price point are becoming increasingly difficult to secure. Whether you are: • A homeowner envisioning a dream estate with character • An investor seeking upside and equity growth • A realtor searching for a compelling value opportunity for your clients This property deserves your attention. Peaceful country living. Prime location. Exceptional potential. Opportunities like this do not last.
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.
