Prepare to be AMAZED! This totally renovated, custom-designed waterfront home delivers style, comfort, and boating bliss in one irresistible package. Home offers 2 bedrooms, 2 baths, plus a Den that easily can convert to a 3rd bedroom with existing closet enclosure. Every inch of this residence has been thoughtfully transformed. What truly sets this home apart is the deeded 25 ft boat slip (#18) in the private marina. Slip comes with electric and water and placing the Manatee River, Intracoastal Waterways, Tampa Bay, and the Gulf of Mexico right at your fingertips. Sunset cruises, island hopping, waterfront dining, or a day of fishing all begin just steps from your door. Inside, custom craftsmanship steals the show. Triple crown molding, shiplap accents, coffered ceilings, custom barn doors, and designer finishes create a refined yet welcoming atmosphere. The home feels open, airy, bright, and beautifully curated from the moment you enter. The open-concept kitchen is a showstopper featuring a large island, custom cabinetry to the ceiling, a striking custom vent hood, 5-burner gas stove, under-cabinet lighting, pull outs, soft close cabinets, high-end appliances, abundant storage, and thoughtful details that make cooking and entertaining a pleasure. The primary suite is pure luxury, with a spa-inspired bath remodeled in 2025 showcasing an open shower, freestanding soaking tub, and custom closets. A separate guest suite provides ideal privacy for family or visitors. Step outside to the largest outdoor living space in the community, a private tropical oasis complete with a heated pool w/blt-in jets , privacy screen, paver lanai, and lush, and professionally designed landscaping that invites year-round enjoyment. Additional features include a spacious 3-car garage with extensive storage, automatic privacy blinds in the living room and primary bedroom, designer lighting, custom paint, new roof (2020), HVAC (2012), and countless high-end upgrades throughout. Located in The Inlets, a premier boating community offering estuary trails, waterfront park, tennis, playground, canoe and kayak launch, and an active social calendar. Enjoy low maintenance fees, no CDD, and a prime location close to I-75, St. Petersburg, Sarasota, Prime Outlets, Costco, Target, HomeGoods, fine dining, medical facilities, parks, and more. This is not just a home. It’s a lifestyle anchored in luxury, leisure, and waterfront living.
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.
