Welcome to this inviting 3-bedroom, 2-bathroom home that blends comfort and functionality, set on an expansive nearly half-acre double lot in San Carlos Park. Opportunities like this are rare—finding an updated pool home with a large detached garage on a lot of this size is nearly unheard of in the area. Every inch of this property is thoughtfully utilized, offering exceptional storage, parking, and space unlike anything else currently available. At the center of the home is a well-appointed kitchen featuring granite countertops, a center island, upgraded wood cabinetry, and stainless steel appliances. Vaulted ceilings enhance the open, airy feel throughout the living spaces. The primary bedroom includes French doors that open to a beautifully finished screened patio, complete with tongue-and-groove wood ceiling detailing. Modern updates are evident throughout, including refreshed bathroom vanities, new interior and exterior paint, and updated fixtures that give the home a clean, contemporary look. Storage and versatility truly set this property apart. The 420-square-foot finished garage is equipped with mini-split air conditioning, making it ideal for climate-controlled storage, a workshop, hobby space, or recreation room. In addition, the oversized 1,221-square-foot detached garage offers endless possibilities for collectors, hobbyists, or even small business use. Outdoor living is just as impressive, with a private pool and hot tub, along with a 624-square-foot screened patio perfect for entertaining year-round. Recent improvements include a new roof (2023), updated patio screens, new fans, and serviced pool equipment. The fully fenced yard features two modern iron gates, solar-powered fence lighting, and newly added privacy landscaping, creating a secure and serene setting. Conveniently located near shopping, dining, parks, and the airport, this property offers both privacy and accessibility. With no HOA fees or restrictions, this unique home provides the freedom and flexibility you’ve been looking for!
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.
