MODERN UPDATES, A PRIME LOCATION, AND MOVE-IN READY! Ideally situated on an oversized corner homesite near the community entrance and resort-style amenities, this beautifully updated home offers the perfect blend of comfort, convenience, and low-maintenance Florida living. Thoughtfully maintained and extensively updated, you'll appreciate the peace of mind that comes with a NEW AC system (2025) with a transferable warranty and UV air purification light, NEW CLEAR STORM PROTECTION with inset TRACK, NEW laminate flooring (2025) with enhanced underlayment in the bedrooms, NEW stainless steel kitchen appliances (less than one year old), interior paint (2025), and exterior paint (2026), widened driveway and upgraded landscape. Hard-surface flooring extends throughout the home. The open-concept kitchen, dining, and great room create an inviting space for everyday living and entertaining, while the kitchen features 36" upper cabinetry, granite countertops, a spacious island, and a Stainless-Steel Appliance Package less than ONE YEAR old. Natural light fills the home, enhancing the bright and airy floor plan, while the privately situated primary suite provides a peaceful retreat. Step onto the lanai to enjoy a relaxing water view, creating the perfect spot for morning coffee or unwinding at the end of the day. Additional upgrades include newer lighting, ceiling fans throughout, a decorative front storm door that welcomes additional natural light, electric landscape lighting, an EPOXY finished garage floor and convenient attic access with pull-down stairs for additional storage. Enjoy Magnolia Landing's exceptional amenities, including a resort-style pool, dedicated lap pool, state-of-the-art fitness center, pickleball, bocce ball, shuffleboard, and a full calendar of community activities. Optional golf memberships provide access to the championship 18-hole golf course, complete with a golf shop and on-site restaurant. Enjoy LOW HOA's that include Lawn/Landscape care, CABLE package, irrigation, and access to amenities (golf not included.) Beautifully updated, ideally located, and thoughtfully maintained, this exceptional home offers the perfect opportunity to enjoy everything Magnolia Landing has to offer. Start living the Florida lifestyle you've been dreaming of today!
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.
