INCREDIBLE OPPORTUNITY - ASSUMABLE FHA LOAN AT JUST 2.75%! Discover one of the most versatile and highly sought-after floor plans available - a rare NEXT GEN® single-story home designed for true multigenerational living, house-hacking, rental income, or the ultimate work-from-home lifestyle in the desirable community of Citrus Pointe. This exceptional property offers TWO fully independent living spaces under one roof, each with its own private entrance, living area, kitchen, and laundry, delivering unmatched flexibility and privacy for a wide range of living arrangements. The main residence welcomes you with a bright open-concept layout filled with natural light and modern finishes. The chef-inspired kitchen features 42'' white cabinetry, quartz countertops, stainless steel appliances, a generous breakfast bar, and a charming café area, flowing seamlessly into the expansive Great Room, perfect for both everyday living and entertaining. A versatile den provides the option of a fifth bedroom, media room, or home office. Step outside to the covered lanai and enjoy breathtaking sunset views, your private retreat for relaxing evenings or hosting gatherings. The serene primary suite is tucked away from the secondary bedrooms for privacy, offering dual closets and an en-suite bath with dual vanities and a walk-in shower. On the opposite side, two secondary bedrooms share a bathroom, ensuring convenience for all. The attached in-law suite functions as a completely independent residence, complete with its own private entrance, living room, kitchenette, bedroom, full bathroom, and laundry, ideal for multigenerational living, extended family, guests, a private executive office, or rental income. This versatile suite has previously rented for $1,280 per month, with potential for higher rental income, providing excellent income opportunity that can help offset the mortgage, a rare built-in value for the next owner. Thoughtful upgrades enhance both style and efficiency, including wood-look tile flooring throughout main living areas, plush newer carpeting in bedrooms, window treatments, ceiling fans in select rooms, smart-home technology, and transferable leased solar panels designed to reduce energy costs. Residents of Citrus Pointe enjoy a peaceful setting with resort-style amenities, including a community pool and playground. Exceptionally low HOA of just $24 per month. Ideally located directly across from Navigator Academy (K-11 Charter), just off US-27 with quick access to I-4, near AdventHealth, Posner Park shopping and dining, and less than 20 miles from Walt Disney World, whether you're searching for a forever home with dual-living capability or a unique property with built-in income potential, this one-of-a-kind residence truly offers the best of both worlds. Schedule your private showing today, opportunities like this are rare and don't last long.
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.
Data provided is deemed reliable but is not guaranteed. The data relating to real estate for sale on this website comes in part from the Northeast Florida Multiple Listing Service, Inc. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Northeast Florida Multiple Listing Service, Inc. All Rights Reserved.
