Distinctive Property Listing– Stunning Veranda Model offering over 2,400 sq. ft. of beautifully designed living space on an oversized corner lot (¼ to ½ acre). This stretched Saginaw model (similar to Gardenia but has a stone fence/wall surrounding) combines elegant design, energy efficiency, and resort-style outdoor living. Assumable VA loan 2.25% (with approved VA loan applicant) potential option. Outdoor Luxury: Step into your own private oasis featuring a premier designed custom saltwater pool and spa, completely surrounded by an 8+ foot stone privacy wall and over 22 professionally placed uplights and liquid lights creating a stunning evening ambiance. The gardens and custom landscaping offer lush tranquility, while 14 solar panels provide ecofriendly energy savings to heat the pool. Enclosed Lanai retreat: Enjoy year-round comfort in the 400 sq. ft. enclosed lanai with double-paned hurricane glass, split A/C and heat, and four retractable slides for seamless indoor/outdoor living. Solar lighting completes this perfect entertaining space. Interior Elegance: Interior highlights include upgraded cabinetry, designer lighting, vaulted and tray ceilings, quartz countertops, and a gourmet kitchen with a gas stove, farm sink, moveable island, accent lighting, tray pullouts and more. The adjacent bar and pantry add additional entertaining/living space. The main living areas have high-end Hunter Douglas remote blinds (with secondary privacy lining option also on remote). The primary suite features a Roman shower, separate water closet, additional cabinetry and storage and walk in closets. The bedrooms feature nearly new high-end carpeting with specialty non-penetrable barrier padding (to reduce any staining, etc.) The laundry room features pedestal washer and dryer plus a solar tube. Exceptional Garage & Energy features: The three-car extended garage offers an epoxy floor, insulated garage doors, a workshop, ceiling fans, and seamless screened garage doors. A whole-house generator, two solar attic fans and added insulation (over lanai and entire living space) that provide peace of mind and maximum efficiency. Additional features: whole-house security system, ring doorbell, smart home technology and Nova filtration system. This distinctive property blends luxury, comfort, and practicality—ready for your next chapter in exceptional living. Perfect central location close to Magnolia Plaza, Sawgrass, easy golf cart ride to Brownwood and Eastport.
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.
