<HIGHEST & BEST BY 03/027/2026> This is an exceptional 3-bedroom, 2-bath opportunity, priced aggressively, in one of Opa Locka’s most desirable and rapidly growing gated communities. Situated on a quiet cul-de-sac in a safe, well-maintained neighborhood, this property is ideal for a first-time buyer, value-focused homeowner, or investor seeking a straightforward flip or long-term cash-flowing asset in a high-growth South Florida market. This charming single-story residence offers strong curb appeal with its classic red tile roof, soft stucco exterior, and arched front windows that create a timeless Mediterranean feel. Set on a spacious lot, the home features an extended wide driveway leading to a one-car garage, providing ample parking. Mature palms frame the property, while the generous front yard offers room to enhance landscaping or create a more private outdoor retreat. A side walkway adds flexibility and convenience. Inside, soaring ceilings and an open layout create an airy, expansive feel filled with natural light. Tile flooring flows throughout the main living areas, complemented by recessed lighting and a central ceiling fan. A formal dining area sits just off the entry, while the spacious living room offers plenty of room for oversized seating and effortless entertaining. The kitchen provides ample cabinetry, solid counter space, and a functional layout that works comfortably as-is while offering excellent potential for modernization. The bedrooms feature sleek wood-look flooring, with a generously sized primary suite that serves as a comfortable retreat. Secondary bedrooms are well-proportioned and versatile. The bathrooms deliver a spa-inspired feel with neutral tilework, a glass-enclosed shower, soaking tub, and a granite-topped vanity with dual sinks. The roof and AC are older but in good working condition, and the electrical, plumbing, and water heater are all functioning properly. The community offers very low HOA fees with relaxed restrictions and amenities including a pool, basketball court, and picnic shelter. With just a touch of TLC, this property has the potential to become a standout home or a strong-performing investment in a rapidly appreciating area. Whether you're a family seeking a solid starter home or an investor looking for upside in a gated community, this is a high-potential opportunity in the heart of South Florida.
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.
