PRICED TO SELL!! This beautifully updated home sits on an oversized corner lot just shy of a quarter acre. Step inside to a spacious great room featuring a vaulted ceiling, gorgeous wood-look plank tile flooring and an open-concept layout perfect for everyday living and entertaining. The upgraded kitchen is a showstopper, offering quartz countertops, a farmhouse stainless-steel sink, solid wood cabinetry, a pantry, a brand-new refrigerator (2026), and a large working island with a counter-height breakfast bar. Stunning plantation shutters add to the kitchen's charm and character. The generous primary suite includes a private en-suite bath, while both bathrooms have been tastefully updated with quartz-topped vanities and new showerheads. The interior has been freshly painted, making this home truly move-in ready. A built-in desk with custom shelving provides the perfect space for a home office or study area. Sliding glass doors lead to a large covered and screened lanai overlooking the expansive backyard with plenty of room to add a pool. Additional highlights include a NEWER ROOF (2023), NEWER AC (2024), and the property is located in a NO FLOOD ZONE. Conveniently located near shopping, dining, boat launches, parks, marinas, golf courses, and with easy access to Southwest Florida International Airport, Punta Gorda Airport, and I-75, this home offers both comfort and convenience. Don’t miss the opportunity to make this exceptional property your forever home — call today to schedule your private tour!
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.
