DON’T WAIT—THIS NEAR-NEW, MOVE-IN-READY HOME IS LOADED WITH UPGRADES! Located in the highly sought after lagoon community of Southshore Bay Lagoon, this beautifully maintained residence offers resort-style living centered around a stunning 5-acre crystal-blue lagoon. Enjoy year-round recreation with kayaking, paddle boarding, a floating obstacle course, and vibrant community events, all just steps from your door. This spacious turnkey home features 4 bedrooms and 3 full bathrooms, including a convenient main floor bedroom and full bath, perfect for guests or multi-generational living. The open concept layout is enhanced with modern upgrades and smart home technology controlling lighting, accent features, the garage door, and front entry. The first floor showcases large ceramic tile flooring for both style and durability, while central heating and cooling provide year-round comfort. A second-floor laundry room with sink hookup adds everyday convenience. At the heart of the home, the chef-inspired kitchen impresses with granite counter tops, a large island with sink, tile back splash, wood cabinetry, a walk-in pantry, and a walk-through dry bar with additional storage. Premium stainless steel appliances from Whirlpool Corporation and Samsung Electronics complete the space. The kitchen flows seamlessly into the dining area, great room, and covered screened lanai, ideal for indoor-outdoor living and entertaining. The great room features a striking stone accent wall and a built-in electric fireplace with TV nook, creating a warm and inviting focal point. Upstairs, the expansive primary suite includes a private sitting area and a large walk-in closet with direct access to the laundry room. The primary bathroom includes tile flooring, a walk-in shower with decorative tile trim, a garden tub, and textured walls. The second floor also includes a versatile loft with closet, two additional bedrooms, and a full bathroom with dual vanities, along with ample storage including linen and hall closets. Additional highlights include custom storm shutters for added protection and peace of mind. Experience the perfect blend of comfort, style, and resort-style amenities. This exceptional home truly has it all. Schedule your showing 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.
