MOTIVATED SELLERS have made a major PRICE IMPROVEMENT & Seller is offering $5,000 in Seller Concessions with accepted contract through the month of June 2026. This an incredible opportunity to own in one of the area's most sought-after communities with pool and lagoon access! Welcome to this immaculate 5-bedroom, 3 full-bath home in the beautiful Kate's Cove community, offering 2,951 square feet of thoughtfully designed living space perfect for both everyday comfort and entertaining. Step inside through the grand two-story foyer and into the open-concept main level, where style and functionality come together seamlessly. The spacious great room features a cozy fireplace and flows effortlessly into the stunning kitchen complete with granite countertops, stainless steel appliances, tile backsplash, oversized island with breakfast bar seating, and a large pantry. The adjoining eat-in area creates the perfect setting for casual dining and gatherings. For more formal occasions, enjoy the elegant dining room accented with a coffered ceiling and detailed trim work. A main-level guest bedroom offers endless flexibility as a private office, workout room, study, or guest retreat. Upstairs, the oversized primary suite provides a relaxing escape featuring dual vanities, a separate shower, garden tub, and two spacious walk-in closets. Additional bedrooms are generously sized, while the upstairs laundry room adds everyday convenience. Throughout the home, you'll appreciate the blend of hardwood flooring and carpet, along with thoughtful upgrades including custom garage shelving, 2-inch faux wood blinds, a sprinkler system, and a side-entry two-car garage. Step outside to unwind on the covered, screened-in back porch overlooking the private fenced backyard-perfect for relaxing or entertaining guests. Residents of Kate's Cove enjoy exceptional neighborhood amenities including a pool, pool house, lagoon, and fishing areas, creating the perfect blend of recreation and community living. This move-in ready home offers the space, comfort, lifestyle, and value you've been searching for. Don't miss your chance-schedule your private showing 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.
