Tucked away on a quiet, secluded waterfront street, this beautiful 5-bedroom, 3.5-bath Pool home offers a rare sense of peace and privacy. With no HOA and a spacious lot, you'll enjoy the freedom that makes coming home feel like a retreat. Inside, the generous layout is comfortable, with warm, light-filled living spaces, a formal dining room and open kitchen. 9 foot ceilings, real wood floors, recessed lights, living room built-ins, crown molding, and gas fireplace. The kitchen features 42 inch upper cabinets, glass doors, farm sink, granite counters, stainless appliances, wine storage, dual pantries, and a view of the pool deck. The primary suite is a restful haven, offering plenty of room to unwind, and dual closets, dual sinks, jetted-garden tub, separate tiled shower, glass doors, enclosed toilet room, while the additional bedrooms abound with space, featuring ceiling fans and upgraded carpeting. Step outside and you'll find your own private oasis. The sparkling heated gunite pool and hot tub invite you to relax under the open sky, whether you're enjoying a calm morning swim or a peaceful evening soak. Heaters are natural gas, and pool systems are 2023. Large covered patio with natural gas grill hookups, open paver decking for fire-pit, the large fully privacy-fenced backyard offers plenty of space to breathe. Bonus sized garage with painted floors, pull down attic and storage area. Extended driveway concrete with extra-thick 6-inch concrete for RV/boat parking. Full home generator, 25KW generac placed in 2020. 2026 Water heater is bonus sized. Upstairs features walk-out attic access. Stove and laundry is natural gas OR electric, all pipes are run. HVAC is 2022 and Roof will be replaced prior to closing. Live oak internet run. Solar panels will be paid off at closing. NO HOA!!
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.
