Spanning 4,643 square feet, this 4-bedroom, 4.5-bath Ocean Hammock residence provides the space, layout, and flexibility to comfortably accommodate both family life and entertaining. A paver driveway, mature landscaping, natural shade, and a tile roof create an inviting arrival. French doors open to an interior filled with natural light, soaring ceilings, and luxury vinyl plank flooring throughout the main level. The living room serves as the centerpiece of the home, featuring a gas fireplace and an abundance of windows that bring the outdoors in. The kitchen offers generous workspace and storage with a large center island, granite countertops, extensive cabinetry, stainless steel appliances, a gas cooktop with exhaust hood, beverage refrigerator, and casual dining area. A formal dining room provides additional space for family gatherings and special occasions. A first-floor guest suite includes a walk-in tiled shower and direct access to the pool area. Also on the main level is a large bonus room well-suited as a media room, game room, or flexible living space, along with a separate office, half bath, and laundry corridor featuring built-in shelving, utility sink, and access to the garage. The recently refinished wood staircase leads upstairs to the primary suite, where tray ceilings, plush carpeting, a gas fireplace, and private balcony overlook the pool and golf course. The spacious bathroom includes dual vanities, a jetted soaking tub, walk-in tiled shower, ample storage, and a large custom walk-in closet with built-in shelving and drawers. Two additional guest bedrooms are located upstairs, including one with an en-suite bathroom and private balcony. A fourth full bathroom serves the remaining bedroom and guests, while an additional laundry hookup provides added convenience. Outdoor living is anchored by the saltwater pool and spa, recently resurfaced and enhanced with a new gas heater and pump. The expansive paver pool deck provides ample space for lounging and gathering, while the outdoor kitchen and multiple seating areas create a setting equally suited for quiet evenings or larger get-togethers. The fully fenced backyard adds privacy and flexibility for family, guests, and pets. Recent improvements include luxury vinyl plank flooring throughout the first floor, refinished wood flooring on the staircase and upstairs hallway, replacement of one of the home's two HVAC systems, a climate-controlled garage with new mini-split system, epoxy-coated floors, built-in storage cabinets and workbench, updated dishwasher and beverage refrigerator, replacement of exterior decorative lighting, new balcony railings, and Rhino Shield exterior coating with a transferable warranty. Additional features include propane service for the pool and fireplaces, ADT security, and AT&T high-speed internet wiring throughout the home. With multiple living areas and generous outdoor space, this home offers a setting well suited for both everyday living and entertaining. Membership at The Club at Hammock Beach provides access to multiple pools, including a lazy river and waterslide, a full-service spa, fitness center, tennis and pickleball courts, two championship golf courses, and a variety of dining venues, creating opportunities for recreation and gathering just moments from home.
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.
