PRICED TO SELL ~ OWNER IS MOTIVATED!! Discover this beautifully and COMPLETELY RENOVATED 3 BEDROOM, 3 & 1/2 BATH residence nestled in the sought-after gated community of Boca Royale Golf & Country Club. This exceptional home offers 2 spacious bedrooms with ensuite baths and walk-in closets in the main house, plus a half bath for guests, and a PRIVATE CASITA featuring a full bath, sleeping and relaxing areas and French doors opening to its own serene patio. A second Casita has a workroom that can be used for anything you desire. Step inside the light-filled open floor plan of the main house, where a large gourmet kitchen flows seamlessly into the great room, game room, and formal dining room—perfect for entertaining. The kitchen is a chef’s dream, boasting solid wood soft-close cabinetry, expansive granite countertops, an induction cooktop, built-in convection oven and microwave, refrigerator, and dishwasher. The home showcases new flooring, updated baths, new wiring, updated electrical and plumbing fixtures, a water-softener system and reverse osmosis system, hurricane-impact windows and sliding doors, and bead board ceilings in the game and dining rooms, adding a touch of coastal elegance. The hurricane-rated sliding doors open to a garden with a charming gazebo, ideal for relaxing or hosting outdoor gatherings. Additional highlights include solar electric panels for energy efficiency and modern finishes throughout, making this home both luxurious and sustainable. In addition, there are 2 single-car garages and an additional room that could be an office, workshop or craft room. IF A PRIVATE POOL IS DESIRED, THERE ARE PLANS FOR A POOL WHICH CAN BE ADDED! Enjoy the resort lifestyle and vibrant social scene that Boca Royale offers, including golf, tennis, pickleball, fitness facilities, dining, and beautifully maintained grounds. Your HOA fee includes social and fitness membership. And, the owners are including a one-year membership to the community pool. This location is perfect with access to gorgeous Manasota and Venice Beaches that offer shopping and dining in addition to some of the best beaches on the West Coast of Florida. Also, you are close to Historic Downtown Dearborn Street with many options for dining and shopping. A drive to Downtown Venice is worth the time so you can enjoy some magnificent shopping and dining on Venice Island. This is one you won't want to miss! Make it yours before it's too late!!
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.
