You do not want to miss the opportunity to call this gem yours!!!!! This immaculate lovingly cared for home with STUNNING WATER VIEWS located in the deed restricted community of Rotonda West. This desirable home features TWO MASTER SUITES, a NEW ROOF- installed in 2023, new fence in 2025 and new A/C in 2021. As you approach the home, the tropical landscaping with concrete curbing, stone and well-manicured lawn welcome you to the 20' x 7' tiled front porch and double door entry.Step inside to the spacious living room with a subtle blue color scheme, neutral easy to maintain tile flooring that continues throughout most of the home and nicely flows into the kitchen and dining area-- the ideal layout for hosting dinner parties and entertaining guests! The galley style kitchen is a DREAM with ample cabinets, counter space and a built-in desk area, plus a pantry to ensure you have PLENTY of storage--all of which is open to the dining area and sliding glass doors that lead out to the impressive enclosed lanai so you can expand your living area outside. The 26' x 12' carpeted lanai offers the perfect space for relaxing and entertaining with two ceiling fans, and sliding windows with screening that you can open up for that nice Florida breeze--and most importantly, the tranquil water views that you can admire from your very own backyard. Inside there is plenty of room for everyone with the added privacy of the "split" bedrooms- TWO sizeable MASTER SUITES, one with newly nstalled (4/2024) laminate flooring, walk-in closet with cedar walls, a tray ceiling and your own private door that leads to the lanai along with an ensuite bath with dual sinks, shelving and a tiled shower with frosted glass doors a pocket door for added privacy. The second ensuite offers the same spacious bedroom with plush carpeting and cedar walled walk-in closet with the ensuite bath featuring a walk-in shower, large vanity and wire shelving for your towels and linens. The roomy third bedroom will easily accommodate any guest with a built-in closet, ceiling fan and the same easy to maintain tile flooring to match the rest of the home. The laundry room has a sizable sink and provides more storage space with a closet/pantry and provides access to the double car garage with plenty of space for your cars and tools. Enjoy the bonus of the canal-fed irrigation system (with all new sprinkler heads) and the peace of mind with this property being located in an "X" Flood Zone. This property is a RARE find with amazing features, waterviews and location. Rotonda West offers 5 golf courses, waterways for fishing and kayaking, walking trails, and close to tennis & pickleball courts plus the luxury of beautiful Florida beaches, shopping, and dining just minutes away!
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.
