<HIGHEST & BEST BY 7/29/26> This is an INCREDIBLE INVESTOR SPECIAL OPPORTUNITY!! Welcome to this charming single-story home situated on a spacious corner lot in the heart of Miami Gardens. Offering 3 bedrooms and 1 beautifully renovated bathroom, this property is perfect for a quick fix-and-flip, long-term rental investment, or a savvy buyer looking to customize their ideal starter home. A covered carport, extended driveway, spacious front yard, and oversized side yard provide ample parking and endless potential. Mature trees add charm, shade, and privacy. Inside, an open-concept living area features wood flooring, crown molding, recessed lighting, and abundant natural light. The updated kitchen boasts solid wood cabinetry, granite countertops, a glass tile backsplash, stainless steel appliances, and a convenient breakfast bar. The generously sized bedrooms are bright and versatile. One room, previously a bathroom, has been converted back into a compliant bedroom to satisfy city requirements, making it ideal as a home office, nursery, gaming room, or hobby space. The beautifully renovated bathroom features floor-to-ceiling designer tile, mosaic accents, a modern vanity, updated fixtures, and a sleek tub/shower combination for a spa-inspired finish. A separate addition is located just off the kitchen, though the original access has been enclosed. The structure is missing a portion of the roof, offering an opportunity to restore or reconfigure the space. Buyer should independently verify whether the addition may be legalized, permitted, modified, or require demolition. The oversized backyard offers exceptional space and flexibility, complete with mature shade trees, multiple patio areas, a cozy fire pit, an outdoor laundry room, and a detached storage shed. Whether you envision a pool, expanded outdoor living, future additions, or simply enjoying the generous yard, this outdoor space is ready to bring your vision to life. The A/C is approximately 4 years old and operating well. Electrical and plumbing are functioning properly. Roof age is unknown and has not been replaced since at least 2018. If the City of Miami Gardens requires a re-occupancy inspection, the property may not qualify in its current condition, and Buyer should verify with their lender whether financing will be permitted or whether the re-occupancy requirement can be waived. With no HOA and no rental restrictions, this is an exceptional opportunity for investors and owner-occupants alike. Property is being sold strictly AS-IS, and Buyer shall rely solely on their own due diligence regarding the addition, financing requirements, and any applicable municipal requirements.
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.
