One or more photo(s) has been virtually staged, AI generated or rendered. Rare FHA assumable mortgage opportunity at an attractive 3.25% interest rate—subject to lender approval and buyer qualification. This beautifully maintained 3-bedroom, 2.5-bath townhome is located in the highly sought-after Milano community of North Naples, offering a blend of comfort, convenience, and exceptional value. Step inside to a warm and inviting main level featuring a spacious open-concept living area, durable ceramic tile flooring, and a thoughtfully designed kitchen complete with granite countertops, ample cabinetry, and a functional layout ideal for both everyday cooking and entertaining. A new HVAC system installed in 2023 ensures year-round comfort and peace of mind. The dining area flows seamlessly from the kitchen, creating an effortless space for gatherings. Upstairs, all three bedrooms are generously sized, including a private primary suite with its own en-suite bath and plenty of closet space. The additional bedrooms offer flexibility for guests, a home office, or a growing household. Residents of Milano enjoy an impressive array of amenities designed to enhance daily living. Spend your days relaxing by the heated community pool, unwinding in the hot tub, or staying active with access to a basketball court and two tennis courts. The community also features pet-friendly areas, a dedicated dog park, sidewalks for easy neighborhood strolls, and convenient BBQ spaces perfect for outdoor dining. Situated in a prime North Naples location, this home places you just minutes from Mercato, Coconut Point, NCH North, RSW International Airport, the Gulf beaches, and the popular Seed to Table. Daily essentials, dining, entertainment, and recreation are all within easy reach. The property is also zoned for top-rated schools, including the newly established Aubrey Rogers High School, making it an excellent choice for families. This is a rare opportunity to enjoy comfortable, convenient, and community-focused living in one of Naples’ most desirable areas—paired with the financial advantage of an assumable low-rate FHA mortgage. Homes like this don’t come along often. Don’t miss your chance to make it yours.
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.
