Discover this beautifully maintained and thoughtfully upgraded 3-bedroom, 2-bathroom home with a versatile den/office featuring elegant glass-front French doors—ideal for remote work, a creative space, or an additional guest room. Perfect for those seeking a move-in ready property near Florida’s pristine beaches, top-rated golf courses, and endless coastal activities. Built in 2018 and thoughtfully enhanced since, this home offers the best of both comfort and style. Perfectly positioned on an oversized corner lot in the highly sought-after South Gulf Cove community, this property offers both privacy and curb appeal. A white vinyl privacy fence surrounds the backyard oasis, while the professionally landscaped exterior features decorative rock, and concrete curbing. The heated saltwater pool (added in 2019) and pool heater (2020) make year-round outdoor living a breeze. Exterior also features accordion shutters and an impact-resistant front door for peace of mind. Inside, you’ll find plantation shutters throughout and tile flooring in the main living areas. The kitchen is a chef’s dream, equipped with 42” white shaker-style cabinetry, upper glass-front lighted accent cabinets, granite countertops (2021), a deep sink, and stainless steel appliances—including a Bosch dishwasher added in 2025 and a microwave added in 2021. The spacious primary suite is enhanced by a tray ceiling and a beautifully updated ensuite bath with dual sinks, granite counters (2021), and white shaker-style cabinetry. The guest bathroom was also updated in 2021 with matching finishes for a cohesive, modern feel. Custom closet systems in all bedrooms provide exceptional organization and storage. South Gulf Cove is a waterfront community that offers a community boat ramp—ideal for boating enthusiasts and anglers. It’s just minutes from the world-renowned Tarpon fishing waters of Boca Grande, multiple golf courses, and a variety of local dining options. This is a rare opportunity to own a meticulously upgraded home in one of the most desirable areas on Florida’s Gulf Coast. Move right in and start living your Florida dream!
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.
