Super charming, bright, and beautifully maintained custom-built pool home showcasing exceptional attention to detail and quality throughout. This thoughtful split-bedroom floor plan features a spacious main living area with an open kitchen and living room, creating an inviting space for everyday living and entertaining. The cook stays connected to the action thanks to the large center island with bar seating, perfect for guests to gather and “supervise” while meals are prepared. The kitchen offers timeless white cabinetry with crown molding, stainless and black appliances, a vented microhood, and instant hot water at the sink. The well-designed utility room includes a convenient direct entry from the primary walk-in closet, adding ease to daily routines. Step outside to your private oasis: a beautifully finished pool accented with glass tile, surrounded by an expansive brick-paver patio ideal for lounging, grilling, and entertaining. The fully fenced backyard is lined with fruit-producing banana trees, adding charm and privacy. Inside, you’ll appreciate the no-carpet interior and luxury vinyl plank flooring throughout, offering durability and low maintenance. Insurance costs remain reasonable thanks to the home’s newer age and hurricane protection features. Additional upgrades include: Generator with 3-way switch Whole-house surge protector Air-cleaning system integrated with the HVAC (serviced semi-annually) Monthly septic additive regimen Gutters, alarm system, and Ring camera Washer & dryer convey Transferable termite bond with Premier This well-cared-for home combines comfort, efficiency, and style—ready for its next owner to enjoy.
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.
