THIS HOME QUALIFIES FOR A 1% LENDER INCENTIVE IF USING OUR PREFERRED LENDER! Enjoy refined Florida living in this beautifully appointed newer Oakmont II model with 4 bedrooms, 2.5 baths tucked away on a quiet oversized cul-de-sac on one of the largest/private lots in Gran Paradiso with over .33 acre with one of the most spectacular serene pond views from every window and unwind beneath the stars on your enhanced saltwater pool with raised spa-your own private retreat. Framed by mature landscaping and a paver driveway, this home showcases a timeless tile roof and oversized 3 car garage. Through the front door you'll be blown away by the open floor plan with and high ceilings enhanced by crown molding throughout and elegant tray ceilings in the living room and primary bedroom. The kitchen is a chef’s delight with a large eat-at island, stainless steel appliances, and a charming breakfast nook complete with extended cabinets and sliders to the lanai and pool area. The light-filled primary suite is a true retreat, featuring abundant natural light, direct access to the pool area, and a spa-inspired bath with dual vanities, a soaker tub, walk-in shower with glass enclosure, water closet, and a large custom walk-in closet. Designed for entertaining and everyday comfort, the open living area flows seamlessly to the outdoors through a full slider wall leading to the lanai. Additional highlights include a versatile fourth bedroom with a private half bath also makes a great pool bath, a main bath with a tub/shower combination, and a well-equipped laundry room with a utility sink. Gran Paradiso is a gated, Tuscan-inspired community offering resort-style amenities including a clubhouse, community pool, fitness center, spa services, lifestyle activities, walking paths, playground, tennis, and pickleball courts. Conveniently located near US 41, residents enjoy easy access to downtown Wellen Park, pristine Gulf beaches, and the Atlanta Braves’ Cool Today Park, along with abundant shopping and dining options. This exceptional home perfectly blends Mediterranean charm, modern comfort, and an active lifestyle—ideal for families and retirees alike.
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.
