One or more photo(s) has been virtually staged. Step into a private retreat designed for both everyday living and unforgettable entertaining. This beautifully appointed home situated on 1.24 acres with no wetlands, welcomes you with a fully fenced property and gated entrance, complemented by a paver driveway, walkways, and an inviting oversized, pavered front porch with grand double doors. Inside, you’ll find elegant formal living and dining spaces featuring coffered ceilings and serene views of the stunning outdoor oasis. The heart of the home is the open-concept kitchen, complete with rich cherry cabinetry, built-in double ovens, and a stovetop, all flowing seamlessly into the spacious living room with matching coffered ceilings. A charming breakfast nook overlooks the pool, while pocket sliding glass doors in the living room create effortless indoor-outdoor living. The expansive primary suite is a true sanctuary, offering private access to the pool and a luxurious en-suite bath with a garden tub, walk-in shower, dual vanities, and his-and-her walk-in closets with custom shelving. Bedroom four is ideally located near the primary suite and adjacent to a full pool bath, perfect for guests or a home office. Bedrooms two and three are situated on the opposite side of the home and share a convenient Jack-and-Jill bathroom. All bedrooms feature walk-in closets with custom shelving. Upstairs, a versatile bonus/media room with new carpet and a half bath provides the perfect space for a game room, theater, or additional living area. Step outside to your personal paradise...a heated saltwater pool with spa, surrounded by a screened paver lanai, perfect for relaxing or entertaining year-round. The property continues to impress with a fully insulated workshop featuring spray foam insulation and a large storage loft. Attached is an incredible in-law suite offering 2 bedrooms, 2 bathrooms, a full kitchen, laundry room, and screened porch, ideal for extended family or income potential (total building 1,948 sq ft; heated sq ft is 1,106 sq ft). Additional highlights include a separate shed with electricity, whole-property generator, and a charming “secret garden” draped in jasmine, an ideal spot to unwind and enjoy breathtaking sunsets. Roof 2024, Pool 2018, Generator 2020, In-Law Suite Installed- 2024, New Septic 2024. With no HOA, access to a nearby community park and nature trails, and a prime location just 30 minutes to beaches and theme parks and 20 minutes to the airport, this property truly offers the best of privacy, luxury, and convenience. This is more than a home...it’s a lifestyle.
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.
