**Charming 4-Bedroom, 3-Bathroom Home in Prime Lake Worth Beach Location!** Welcome to **1709 N J Street, Lake Worth Beach, FL 33460** - a beautifully updated single-family home that has been thoughtfully expanded into a spacious **4-bedroom, 3-bathroom** residence. Perfect for families, guests, or a home office setup, this property offers modern comfort with classic Florida charm on a generous lot with a private, fenced backyard ideal for outdoor living. Inside, the home features bright and inviting living spaces with plenty of natural light. The well-appointed bedrooms provide peaceful retreats, highlighted by the additional bedrooms and stylish bathrooms (including updated baths with contemporary finishes). A convenient laundry room adds everyday ease, while the thoughtfully designed layout maximizes functionality and flow. Outside, enjoy your expansive private backyard - the perfect spot for BBQs, gardening, relaxing, or creating your own Florida oasis. Recent updates throughout make this home move-in ready and full of appeal. Located on a quiet residential street in highly sought-after Lake Worth Beach, you're just minutes from the ocean beaches, downtown Lake Worth's vibrant dining, shopping, arts scene, and cultural attractions. Easy access to the Intracoastal Waterway, major highways, and all the best South Florida has to offer - with no HOA! This is coastal living at its best. Whether you're buying your forever home or seeking a smart investment in one of Palm Beach County's hottest beach towns, 1709 N J Street is a rare opportunity. Ready to make it yours? Reach out today for more info or to schedule a showing!
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.
