Open design. Intentional detail. Expansive water views. 2.50% VA assumable loan. Built in 2017, designed with intention and priced to sell, this 3 bedroom, 2 bath waterfront pool home delivers over 1,900 square feet of open-concept living in the boating community of South Gulf Cove. With a concrete seawall and access to more than 55 miles of navigable canals leading toward Charlotte Harbor and the Gulf Islands, this is Florida waterfront living shaped around light, air, and connection. From the moment you step inside, porcelain driftwood-style plank flooring set on a diagonal guides your eye through the home, creating subtle movement and a cohesive, upscale finish throughout. Ceilings rise beyond 11 feet, amplifying the sense of space. In the living room, double tray ceilings with crown molding and ambient lighting add architectural dimension, while triple pocketing zero-edge sliders erase the wall between indoors and out. Push them open and the home expands. The pavered lanai area unfolds into multiple seating areas flanking a custom heated triangular pool, strategically designed to embrace long, tranquil water views. Custom "noseum" screen panels preserve the panorama while enhancing comfort. This is seamless indoor-outdoor entertaining, engineered for gatherings, quiet mornings, and sunset evenings alike. At the center of it all, the kitchen commands attention. Large granite countertops, an expansive island built for conversation, and staggered contrast wood cabinetry create depth and visual interest. Black stainless appliances complete the aesthetic. Whether hosting holidays or casual waterfront dinners, the flow between kitchen, dining, and living spaces makes entertaining effortless. The primary suite offers privacy and scale, with tray ceilings reaching 10 feet and direct slider access to the pool. The en-suite bath feels refined and spa-inspired, featuring a walk-around Roman-style shower with contrasting tile, dual vanities, and thoughtful finishes that echo the home’s attention to detail. Two additional bedrooms are positioned on the opposite side for privacy, sharing a well-appointed bath with convenient pool access. The laundry room includes cabinetry for organized storage. A 3-car garage provides ample space for vehicles, tools, or hobbies. Built with durability in mind, the home features impact windows, Storm Smart electric hurricane screens, and a concrete tile roof for layered storm protection. Plus, assumable Flood Insurance! Additional updates include: newer HVAC, new pool heater control panel, upgraded electric panel for generator hook-up and Conserva Irrigation system. The concrete seawall enhances the waterfront setting while reinforcing long-term value and an optional HOA keeps flexibility on your side. Situated in one of the fastest-growing waterfront communities in Charlotte County, and within reach of Southwest Florida’s renowned beaches, boating routes, dining, and coastal destinations, this Gulf-access pool home combines modern construction, architectural detail, hurricane protection, and heated pool luxury into one cohesive Florida lifestyle opportunity. Clean sightlines. Water as your backdrop. A home that performs beautifully and lives even better.
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.
