If you're looking for a quiet weekend getaway or a full-time retreat by the water, Portofino Island Resort offers an unmatched blend of peace, luxury, and adventure. This 2-bedroom, 2.5-bath residence provides a front-row seat to some of the most breathtaking, unobstructed views on Pensacola Beach. From your private balcony, overlook the protected estuary below and enjoy sweeping panoramas of both the Gulf of Mexico and the Santa Rosa Sound, the perfect backdrop for sunrise coffee or evening breezes filled with the calming sound of the surf. Inside, the condo feels fresh and inviting with soft neutral tones, modern coastal finishes, and a layout designed for both comfort and privacy. The kitchen features updated stainless steel appliances, and the overall design creates an easy flow whether you're relaxing, hosting, or enjoying a seasonal getaway. The unit also includes the added convienence of two deeded parking spaces. What truly sets this residence apart is the world-class amenity experience that comes with living at Portofino. The resort features a state-of-the-art Lifestyle Center with a full fitness club, spa services, concierge, and waterfront dining. Enjoy the indoor heated Olympic-style pool for year-round swimming, multiple outdoor pools and hot tubs (including one at each tower), and 5 hydro-clay tennis courts surrounded by stunning water views. The Adventure Center offers kayaking, paddleboarding, biking, and seasonal rentals, while private beach access ensures you’re always just steps from the sugar-white sands and emerald waters of Pensacola Beach. Bordered by miles of protected National Seashore, Pensacola Beach offers some of the clearest and most pristine waters on the Gulf Coast. From Portofino, you can hop on the trolley or ferry to the Boardwalk for waterfront dining, shopping, or live music leaving the driving and parking behind. Whether you're here to unwind, explore, or simply savor the view, Enjoy the very best of coastal 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.
