Set on an expansive 2.73-acre home site in Golden Gate Estates, this inviting three-bedroom, two-bath pool home delivers privacy, space and ease of estate-style living, all within an X flood zone, with no requirement for additional flood insurance. No HOA. Horses and guest house allowed. Enjoy proximity to two Publix stores, Aldi’s and the new Big Corkscrew Island Regional Park. Easy drive to Arthrex, and Ave Maria University. Elementary, middle, and high school just around the corner. Southern exposure fills the home with natural light throughout the day, while a roof replaced in 2018, new HVAC system in 2023, adds long-term peace of mind. Thoughtfully designed and well-maintained, the residence blends indoor comfort with generous outdoor living surrounded by lush natural surroundings. The floor plan offers three bedrooms, two baths, dining room, family room, breakfast nook and a two-car attached garage, creating a functional layout well-suited for everyday living and entertaining. At the heart of the home, the kitchen enjoys pool and landscaped views and features quartz countertops, stainless steel appliances, pantry and two-seat bar seating. Glass sliders open directly to the screened lanai from the breakfast nook, allowing seamless indoor-outdoor flow and making the space ideal for casual gatherings or quiet mornings overlooking the pool. The kitchen remains open to the family and dining room, enhancing connectivity throughout the home. The living room also captures serene pool and greenery views and provides additional access to the lanai through full pocketing glass sliders, which is the epitome of indoor-outdoor living. Adjacent, the family room adds architectural character with vaulted ceilings and a sunlit backdrop, offering a comfortable setting for relaxing or entertaining. A separate dining room is conveniently off the living room and kitchen and is accented by an updated hanging light fixture that defines the space while maintaining an open feel. The primary bedroom serves as a peaceful retreat, highlighted by a tray ceiling and easy access to the main living areas. The primary bath features a double vanity, walk-in shower and water closet, designed for function and comfort. Two guest bedrooms provide flexibility for family, guests or home office needs, one offering tile flooring and a ceiling fan, and the other featuring a ceiling fan for year-round comfort. A nearby guest bath includes a tub-shower combination, updated vanity and light fixture, and wood-look tile flooring. Outdoor living takes center stage on the expansive screened lanai, where the pool is framed by lush landscaping views and cooled by a ceiling fan, creating an ideal space for entertaining or enjoying the peaceful surroundings. With acreage, southern exposure and a well-balanced layout, this Golden Gate Estates property offers a rare opportunity for easy access to amenities, space, privacy and relaxed 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.
