With NO HOA and NOT in a flood zone, this home offers peace of mind, convenience, and exceptional value in a rapidly growing community. Welcome to this beautifully maintained 4-bedroom, 2-bath home in the desirable NW Cape! Built in 2017, it sits on an OVERSIZED, FULLY FENCED LOT—the privacy fence was newly installed in 2023—providing excellent privacy and abundant outdoor space. Enjoy cozy Florida evenings around the built-in wood fire pit, which conveys with the home, along with the above-ground pool. Inside, the bright open floor plan features a spacious kitchen with granite countertops, stainless steel appliances, white cabinetry, an upgraded deep sink, and an updated guest bathroom vanity. All four bedrooms have brand-new flooring installed in 2023, giving the home a fresh, updated feel. The primary suite includes his-and-her walk-in closets and dual vanities for added comfort. Step out to the screened lanai—also screened in 2023—perfect for year-round enjoyment without mosquitos. The screened front porch was completed the same year. With so much backyard space, there’s plenty of room to add a permanent pool, even with the current pool already in place. The existing pool conveys and includes an upgraded sand filter, upgraded pool ladder, and pool vacuum. The seller is also willing to remove the pool if the buyer prefers. This home is walking distance to the new playground and Northwest Softball Complex, and less than a mile (0.8) from Mariner High/Middle School and the Chiquita Library. The upcoming K-8 Hector Cafferata LEED School, opening in 2026, will be conveniently located within 2.5 miles.
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.
