A Private Resort-Style Residence in the attractive Lakeshore Ranch Community. Experience refined Florida living in this beautifully appointed 4-bedroom, 2-bathroom estate-style pool home, perfectly situated on nearly ¼ acre in the exclusive and serene Lakeshore Ranch Community. From the moment you arrive, this residence impresses with its elegant covered front porch/entry, manicured grounds, and exceptional architectural details. Grand Interior Living -- Step inside to soaring ceilings, rich wood-tone ceramic tile flooring, and expansive living spaces designed for comfort and sophistication. The formal living room offers an inviting atmosphere for entertaining, while the formal dining room provides a stunning view of the lanai, caged pool, and private backyard oasis. There is an under stairway closet in the expansive living room that could be ideally made into a dry wine cellar.p Gourmet Chef’s Kitchen -- The chef’s kitchen is a masterpiece—complete with stainless steel appliances, high ceilings, and French doors opening to the covered lanai. It seamlessly blends indoor and outdoor living, creating the perfect setting for gatherings and culinary enjoyment. Private First-Floor Master Retreat -- The luxurious downstairs master suite features tray ceilings, a spacious walk-in closet, and a spa-inspired master bath with a handicap-accessible walk-in shower and rain shower head. A true sanctuary. Elegant Second Level -- A beautifully tiled staircase leads to an impressive upstairs retreat, offering a grand family room / theater room / entertainment suite, plus three additional bedrooms with vaulted ceilings and generous closets. The upstairs bath features a walk-in shower with rain shower and large vanity, completing this exceptional space. Resort-Style Outdoor Oasis -- Step into your private paradise: -- Expansive covered and screened lanai, Spectacular and beautiful inviting heated, caged inground pool with ample cool deck around the pool for the sunny days while enjoying your perfect picturesque surroundings. Open-air patio with seating and fire pit, for relaxing and listening to the gentle crackle of the burning embers. Enjoy roasting marshmallows. Or a barbecue. Fully fenced yard with separate dog run, Storage building for tools and the lawn and garden equipment, This home offers the luxury, privacy, and lifestyle rarely found at this price point. Exclusive Community Benefits -- Lakeshore Ranch provides a peaceful, private setting with sidewalks for the evening stroll or aerobic walks, playgrounds for the little ones to enjoy, and a very low HOA fee of only $460 annually. Located in a no-flood zone, with shopping, dining, schools, and medical facilities just minutes away. A truly exceptional home for the discerning buyer and is a perfect match for any type financing. Whether Conventional, FHA, VA or cash, this home is the perfect fit for you. Seller says Let's Make A Deal ~ Schedule your private tour today.!!
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.
