FULLY FURNISHED 5 bedroom 4 bathroom luxurious pool home sits in a private cul-de-sac with an elegant interior and high end finishes! This exclusive estate is in the desirable 24/7 guard gated Spruce Creek Fly-In with a rare 40x15 fully air-conditioned RV/boat garage with workshop, loft storage, OR an in-law suit! The living area boosts vaulted ceilings, modern fireplace, designer fixtures, Venetian plaster, & a 156" HD projection screen with surround sound. The master suite features custom closets and the master bathroom has a spa-style shower with wet room, soaking tub, multi-spray/rain shower, and smart bidet. Split bedrooms for privacy. Formal dining room off the kitchen. Open floor plan great for entertaining. Built solid with concrete block & stucco/brick exterior, this home is a fortress and has never flooded! New metal roof (2025). Outdoors has a screened-in pool, shaded lounge, fire pit with blower, and electric Solar System. Your backyard view is acres of untouched land where you'll see wildlife and beautiful sunsets. Attached garage has a Stage 2 EV charger. Detached garage has a RV hookup. Enjoy private airstrips, hangars, golf course & pro shop, tennis & baci ball, trails, limo service, salon, massage, acupuncture and community events/holiday parties. 24 Hour security and video surveillance at playground/basketball/volleyball courts. Country club membership available with pool & gym. Multiple dog parks with one having a fishing dock on Spruce Creek. Downwind restaurant with full liquor bar. Great safe community for children or to ride your golf cart around. School buses also come into the community to safely pick up & drop off your school children! All of Spruce Creek is on private reverse osmosis water. One of the largest and most upgraded homes in this premier aviation community! Dont miss your opportunity on this turn key, one of a kind home in Spruce Creek!
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.
