Nestled on an elevated .56-acre homesite in the desirable deed-restricted community of Sugarmill Woods, this exceptional 4-bedroom, 2.5-bath pool home offers privacy, elegance, and beautifully updated living spaces surrounded by lush greenbelt views. Tucked away on a private cul-de-sac, the fully landscaped property is adorned with mature trees and stunning magnolias, creating impressive curb appeal from the moment you arrive. An oversized concrete driveway leads to the spacious 3-car garage featuring newer 8-foot roll-up doors, while a new 2024 roof, irrigation well, and hurricane shutters on the west side of the home add peace of mind. Step through the welcoming tiled front entry accented by stylish dual front doors, oversized transom window, and updated lighting into a home filled with soaring ceilings, Minka lighting throughout, plank tile flooring in the main living areas, and plush carpeting in the bedrooms. Designed with both comfort and entertaining in mind, the home features two spacious living areas, rounded architectural walls for added character, and pocket sliding glass doors that seamlessly open to the outdoor living spaces. The completely redesigned kitchen is truly the heart of the home, showcasing white shaker cabinetry, stunning two-toned granite countertops, a massive dual-sided island just under 10 feet long with a built-in single sink and garbage disposal, abundant drawers and storage, a built-in wine rack, stylish graphite-colored appliances including a French door refrigerator, beverage fridge, microwave hood, stove, and dishwasher, all beautifully tied together with a designer tile backsplash and decorative stone accent wall with display shelving. A sunny breakfast nook lined with windows and sliding glass doors overlooks the pool and lanai area, creating the perfect everyday gathering space. The split floor plan offers exceptional privacy. The spacious primary suite features tray ceilings, private sliding glass doors to the pool, a large walk-in closet with custom shelving, an additional linen closet, and a luxurious ensuite bath complete with dual vanities, stylish pendant lighting, a jetted soaking tub, walk-in shower, and private water closet with extra storage. The adjoining fourth bedroom with closet makes an ideal nursery, home office, den, or private retreat. On the opposite side of the home, a pocket door creates a private guest wing with two generously sized bedrooms and a guest bath featuring a walk-in shower. Outdoor living is equally impressive with a large tiled lanai, summer kitchen complete with sink, built-in grill, and refrigerator, a dedicated pool half bath, outdoor shower, and an extended screened pool deck surrounded by lush landscaping for complete privacy. The sparkling pool features all new equipment including an electric pool heater, making this backyard a true private oasis designed for year-round Florida 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.
