Introducing the Pearson—where modern elegance meets effortless living in this beautifully designed townhome, nestled in Danbury at Ridgewood Lakes in Davenport, Florida. From the moment you arrive, you’re welcomed into a thoughtfully crafted 1,488-square-foot home that perfectly balances style and functionality. Enter through the private one-car garage into a bright, open living space filled with natural light—great for both lively gatherings and quiet evenings at home. At the heart of the home, the spacious living area flows seamlessly into a charming dining nook and a stunning gourmet kitchen. Featuring sleek cabinetry, premium stainless-steel appliances, and a striking center island, this space is spectacular for everything from casual breakfasts to hosting unforgettable dinners. Upstairs, you’ll find three inviting bedrooms designed with comfort in mind. The primary suite boast a serene retreat, complete with a walk-in closet and a spa-inspired ensuite bath featuring dual sinks and a walk-in shower. With 2.5 baths throughout, convenience and comfort are always within reach. Built with durable concrete block construction and equipped with advanced-home technology, the Pearson allows you to stay connected and in control—whether you’re home or away. This home truly stands out with valuable upgrades, including solar panels and a whole-house water softening system. Enjoy increased energy efficiency and long-term savings, along with the luxury of cleaner, softer water throughout the home—no more hard water stains or buildup. A large 72” ceiling fan enhances the living area, providing a refreshing breeze year-round. For added convenience, the home can be fully furnished—making your move even more seamless. Solar panels are currently installed offering an easy transition into energy-conscious living. Experience the perfect blend of comfort, style, and conscious upgrades—welcome home to the Pearson.
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.
