Waterfront Florida ranch on the navigable Stranahan River with solid concrete seawall, private saltwater heated pool and spa with Pentair system, and NO HOA! Rare waterfront privacy achieved through a custom privacy wall that shields the pool and main backyard from neighboring homes and passing boats!! Travertine paver patio plus a tranquil front zen courtyard create multiple outdoor living spaces. 2017 roof, all impact windows and doors, tile flooring throughout. Designer kitchen features peninsula seating, deep black farmhouse sink, commercial-style faucet, coffee bar cabinetry, open shelving, and stainless appliances! Spa-inspired bathrooms with frameless glass showers and built-in benches complete this move-in-ready waterfront retreat! This thoughtfully redesigned single-story Florida ranch blends modern coastal design with spa-inspired livingcreating a home that feels calm, intentional, and effortless from the moment you arrive! A private front zen courtyard welcomes you with tranquil seating, architectural privacy fencing, and peaceful garden elementssetting the tone before stepping inside. It's an ideal space for morning coffee, meditation, or evening relaxation, offering a rare sense of separation from the street. Inside, the open-concept layout flows seamlessly through the living and dining areas into a striking modern kitchen. The space features peninsula seating, quartz countertops, white cabinetry, open shelving, a dedicated coffee bar, stainless steel appliances, and a statement deep black farmhouse sink paired with a commercial-style spring faucet! Designed for both function and style, the kitchen anchors the home while maintaining strong indoor-outdoor connection! Both bathrooms have been fully renovated with spa-quality finishes, including frameless glass walk-in showers, rainfall fixtures, porcelain tile walls, and built-in benches! The primary bath offers an extended bench, enhancing comfort and relaxation! Out back, the property delivers what few waterfront homes truly offer: privacy without sacrificing water access. A custom-designed privacy wall encloses the pool and main outdoor living areasshielding views from neighboring homes and passing boats while preserving the waterfront experience! The backyard features a saltwater heated pool and spa with Pentair automation, expansive travertine paver patio, mature palms, generous green space, and a solid concrete seawall along the navigable Stranahan Riverideal for boating, paddleboarding, kayaking, or jet skis. Additional highlights include a 2017 roof, all impact windows and doors, tile flooring throughout, ample storage, multiple outdoor entertaining zones, and NO HOA! The result is a move-in-ready waterfront home offering serenity, design, and lifestylesomething increasingly rare in South Florida!
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.
