Truly unique and custom-built, this exceptional home combines the best of the IBIS IV and IBIS II models, offering a spacious and versatile layout in the highly sought-after, resident-owned Herons Glen community. The expansive IBIS IV master suite provides a private retreat, complete with a large bedroom, en-suite bath, and an additional flex room—perfect as a music room, office, or private sitting area. The IBIS II portion of the home features an open-concept design with a bright kitchen, dining area, and living room, along with a guest bedroom, guest bath, and a den with elegant French doors that can easily serve as a third bedroom. Enjoy tile flooring throughout the main living areas, with luxury vinyl in the guest bedroom—no carpet anywhere. Three sets of sliding glass doors invite natural light and lead to a spacious covered lanai and extended screened lanai, ideal for relaxing or entertaining. A screened front loggia allows for wonderful cross-breezes, enhancing Florida’s indoor-outdoor lifestyle. This home has been well maintained with major updates including a new roof (2020), exterior paint (2022), A/C (2022), refrigerator (2022), washer & dryer (2022), and dishwasher (2025). The kitchen and guest bath feature beautiful natural stone countertops. Additional highlights include an interior laundry room, a utility sink in the garage, pull-down attic stairs for extra storage, and added garage cabinetry with a secondary refrigerator that conveys with the home. Set on a premium lot backing to a peaceful preserve, you’ll enjoy privacy and serene views—with plenty of room to add a pool if desired. Live the ultimate Florida lifestyle in Herons Glen, featuring a top-rated championship golf course, pickleball, bocce, tennis, shuffleboard, a state-of-the-art fitness center, and a full calendar of activities including arts, crafts, clubs, dancing, and more. There truly is something for everyone in this vibrant, active community.
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.
