Welcome to this beautifully updated 3-bedroom, 2-bath home located in the highly desirable gated community of Boca Royale. Offering 2,819 square feet of living space and situated on a spacious half-acre lot with 211 feet of serene water frontage, this home combines luxury, comfort, and breathtaking views. Recent upgrades provide peace of mind and modern style, including a new tile roof (2024), new AC (2025), Storm Smart Screens throughout (2025), a new travertine lanai and panoramic view pool cage (2023), resurfaced pool and spa (2022), and an outdoor kitchen added in 2023. Inside, the home features new luxury plank vinyl flooring throughout, soaring ceilings, crown molding, ceiling fans, transom windows, and five sets of sliding glass doors that open to the expansive lanai and stunning water views. The updated chef’s kitchen is truly a standout with quartz countertops, glass hand painted backsplash, induction cooktop, built-in oven and microwave, built-in ice maker, baker’s lift for your stand mixer, and a large walk-in pantry. The breakfast nook features an aquarium window showcasing spectacular water views. The spacious family room and living room both offer sliding doors to the lanai and pool area, creating seamless indoor-outdoor living. The living room also includes built-in shelving and a dry bar with liquor dispenser and wine refrigerator, perfect for entertaining. A formal dining room with large sunlit windows, dedicated desk area for working from home, and a laundry room with abundant cabinetry and storage add convenience and functionality. The expansive primary suite highlighted by a wall of windows and a cozy built-in bench seat, creates the perfect nook for reading and relaxation, sliding doors to the pool and lanai, and two walk-in closets. The ensuite bath offers dual vanities, a relaxing soaking tub, and a separate shower. Two generous guest bedrooms provide comfort for family and visitors, with one offering direct access to the pool and lanai. Step outside to an entertainer’s dream featuring plenty of seating areas, a saltwater heated pool and spa recently resurfaced, and a beautiful outdoor kitchen with granite countertops. The expansive travertine lanai and panoramic pool cage create the perfect setting to relax or host gatherings while enjoying tranquil panoramic water views. The property also features a butterfly garden, fruit trees, and mature landscaping that enhance the peaceful Florida setting. Located in Boca Royale, a gated community with a 24-hour guard, this home offers an exceptional Florida lifestyle in a beautifully maintained neighborhood.
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.
