NEWER, UPGRADED, and READY NOW, why build when this gated Rye Crossing home already offers $30,000 in owner upgrades and eligible for USDA loan? This popular Cali floorplan has an open-concept layout with spacious kitchen overlooking the living room and dining areas with split bedrooms creating the perfect setting for everyday living. This home showcases extensive owner upgrades that significantly enhance both value and appeal, including a newer privacy fence creating a fully enclosed backyard retreat, upgraded designer lighting in dining area with custom dimmers to set the perfect ambiance, modern ceiling fan fixtures with integrated lighting in key living spaces, and a beautifully finished screened-in lanai that expands your outdoor living year-round. Additional exterior improvements include professionally installed rain gutters for added protection and long-term durability, as well as refreshed landscaping with new sod and newly installed irrigation for backyard. Inside, every bathroom has been elevated with newly installed glass shower doors for a clean, polished look, while the garage has been recently transformed with sleek epoxy flooring for a finished, showroom-quality feel. All windows have custom window treatments to provide style and added privacy. The private primary suite is located at the rear of the home and features an en-suite bath for added comfort and privacy. Three additional bedrooms share a second full bathroom, and laundry room is conveniently positioned near all bedrooms with top loading washer and dryer. Additional features include a smart home package, tile flooring in main living areas, stainless steel appliances and grantie countertops throughout. Located on the desirable southern end of Parrish, this home offers a shorter commute to Lakewood Ranch, quick access to I-75, shopping, and dining, plus close proximity to Lake Manatee and Manatee River boat launches for easy waterfront recreation. In this gated community residents enjoy lower HOA fees with access to an impressive amenity center featuring a resort-style pool with cabanas, fitness center, pickleball and tennis courts, bocce ball, volleyball and basketball courts, pet park, pavilions, playground, and scenic trails. Your next chapter starts here, come see it before it's gone!
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.
