Motivated sellers invite you to discover Florida luxury at an incredible price with this beautiful Oakmont Estate plan home nestled within the iconic gated community of Gran Paradiso of Wellen Park. Spanning over 2,350 square feet of elegant single-story living, this 3-bedroom, 2.5-bathroom with den residence boasts a thoughtful split floorplan that ensures privacy and flow. The home is a showcase of 10-foot ceilings, windows galore, 8-foot doorways, and tray ceilings in the main living area and master bedroom. Refined architectural features truly give this home an open feeling throughout. The open-concept great room effortlessly blends the living, dining, and kitchen spaces. With a freshly painted interior, and bathed in abundant natural light, the home welcomes as you walk through the door. It features elegant porcelain tile flooring in all rooms, along with 5-1/4" baseboards, crown molding in the main living areas, and added designer ceiling fans and lighting. The chef-inspired kitchen stands out as a true highlight, boasting 42-inch wood cabinets, granite countertops, a custom backsplash, stainless steel appliances—including a wall oven and an owner-added separate ice maker—and convenient pull-out shelves. The cabinetry extends into the breakfast nook, where a stunning built-in unit includes a glass-front refrigerator, creating an ideal spot for morning tasks or a base for entertaining. The primary suite serves as a private oasis with a sitting area surrounded by a beautiful bay window for natural light and views, direct lanai access, a large walk-in closet, and an en-suite bath with separate dual vanities, a walk-in shower, and a relaxing garden tub. The walk-in closet is spacious and offers custom built-in organization. Two additional bedrooms provide ample space for family or guests, with a convenient half-bath accessible from the pool area. The den has grand French-doors off the main living area that the current owner uses as studio space for her artwork. Additional interior conveniences include a sink in the laundry and an in-wall pest control system that allows for year round pest control without needing to enter the home. Step outside to indulge in the epitome of perfection for outdoor entertainment, showcasing a beautiful pool and spa ideally situated within a grand lanai with both open and scovered sitting area—perfect for al-fresco dining and basking in the Florida sunshine - complete with roll-down shade screens. The Western exposure will be sure to deliver those breathtaking Florida sunset views, complemented by mature landscaping. The three-car garage provides ample storage, enhanced by a custom mini-split air conditioner and insulated garage doors, which boost comfort for garage projects and expand the range of items that can be safely stored in Florida's climate. Hurricane shutters add an extra layer of peace of mind. Located in Wellen Park, Venice, Florida, Gran Paradiso is a Tuscan-inspired gated community covering over 1,000 acres, with over 60% as protected preserve, including ponds and lakes that support wildlife such as sandhill cranes and deer. In this gated community, amenities include a clubhouse, extensive fitness center, pickleball and tennis courts, saunas/steam rooms, and more, with a location just 1 mile from Downtown Wellen Park, 9 miles from downtown Venice, 7 miles from Gulf beaches, and 1.2 miles from a new Costco. Convenience, luxury, entertainment, and ambience, this home has it all!
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.
