Welcome to this beautifully maintained home featuring a model like design that blends style, comfort, and functionality. From the moment you step inside, you’re welcomed by a bright, open layout with soaring vaulted ceilings, abundant natural light, and thoughtfully updated lighting and modern fixtures throughout. Every detail has been carefully selected to create a polished, inviting space that feels both elegant and comfortable for everyday living. Designed for both everyday living and effortless entertaining, the spacious open floor plan centers around a welcoming great room that truly serves as the heart of the home. The living, dining, and kitchen areas flow effortlessly together, creating an inviting environment for gathering with family and friends. The kitchen is the centerpiece of the home, offering both beauty and practicality. Crisp white cabinetry provides a timeless look and generous storage, complemented by sleek hardware and durable granite countertops that offer plenty of prep space. A large center island anchors the kitchen, providing additional workspace, storage, and seating, perfect for casual meals, entertaining guests, or gathering with family. Stainless steel appliances, updated lighting, and an upgraded faucet and sink complete the kitchen’s modern appeal while blending beautifully with the home’s neutral finishes. Tile flooring runs throughout the main living areas for durability and easy maintenance, while the bedrooms and flex space feature comfortable carpeting for added warmth. The thoughtfully designed three way split bedroom floor plan provides excellent privacy and flexibility, ideal for families, guests, or multi generational living. An additional flex room offers endless possibilities as a home office, playroom, fitness area, or hobby space. Step outside to the screened rear lanai, the perfect place to relax or entertain while enjoying peaceful conservation views behind the home. With no rear neighbors, the backyard offers added privacy and a tranquil natural backdrop, creating a quiet retreat for morning coffee or evening gatherings. Located in the desirable Cypress Preserve community, residents enjoy resort style amenities including a community pool, splash pad, playground, dog park, and scenic walking trails. The location also offers convenient access to shopping, dining, and major roadways, making everyday living easy and accessible. As an added bonus, subject to lender approval, buyers may have the opportunity to assume the existing 2.625% FHA loan, presenting a rare opportunity for significant long term savings in today’s interest rate environment.
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.
