**HIGHLY MOTIVATED SELLERS!!! BRING ALL OFFERS!** MASSIVE PRICE REDUCTION! Dying for a brand-new home without the HOA drama and CDD headaches?! SAY LESS! This gorgeous 3 bedroom 2 bathroom, with a one car garage is your GOLDEN OPPORTUNITY for a Hurricane-rated, brand-new feel, that's finally free from HOA rules and regs! A rare blend of HISTORIC CHARM, modern LUXURY, and INCOME POTENTIAL—this fully renovated home is the definition of move-in ready and money-smart! Every inch of this residence has been thoughtfully transformed to deliver the confidence of modern systems with the warmth and character buyers crave. This is not a cosmetic flip—this is a true top-to-bottom renovation designed for long-term peace of mind where pride of ownership surrounds every corner. Major upgrades include a BRAND NEW HVAC system (2025), a durable METAL ROOF (2018) built to withstand Florida’s storms, a new electrical panel (2019), and a complete home replumb (2019). Hurricane-rated IMPACT WINDOWS and 8-foot storm doors installed in both the front and back (2018) provide added storm protection, enhanced energy efficiency, and everyday comfort. Hello LOW ENERGY bills! Step inside and experience a fresh, modern interior where every finish has been updated in 2025. The home features all-new cabinetry and stone countertops throughout, brand-new STAINLESS STEEL appliances, including a 5-burner convection oven/range, and stylish new lighting fixtures and ceiling fans that elevate every space. Brand new Wood laminate flooring flows seamlessly throughout, creating a cohesive, low-maintenance, and designer-inspired look. Both bathrooms have been fully refreshed with new subway tile, updated exhaust fans, and all-new water fixtures, offering a spa-like, clean, and contemporary feel. The overall aesthetic is bright, airy, and welcoming—perfect for full-time living, a vacation home, or a high-performing SHORT TERM RENTAL! And the location? Simply exceptional. Nestled in the HISTORIC DISTRICT, this home sits just a short walk from the Manatee River, where nature becomes part of your daily rhythm. Imagine morning strolls with views of bald eagles and ospreys, sunset waterfront moments, and the unforgettable thrill of spotting dolphins and manatees in their natural habitat. It’s a lifestyle that feels both peaceful and vibrant, authentic and exciting. For investors, this property offers outstanding Airbnb and VRBO potential, thanks to its turnkey condition, prime walkable setting, and undeniable charm. For homeowners, it offers a STRESS-FREE, fully modernized residence in an area rich with history, character, and community. Fully renovated. Storm-ready. Short-term rental ready. Lifestyle-ready. This is more than a home—it’s a strategic investment, a personal retreat, and a rare opportunity wrapped into one.
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.
