RENOVATED, WATERFRONT HOME IN HARBOUR HEIGHTS ALONG THE PEACE RIVER W/ ***NEW ROOF***, ***104 FT OF WATER FRONTAGE*** & EXCEPTIONAL WATER VIEWS OF WHIDDEN BAY - This beautifully updated 3 bed/2 bath home has been updated throughout, creating a light and bright waterfront retreat with a contemporary open floor plan and coastal charm. The spacious layout includes an open-concept living room, kitchen, and Florida room. The kitchen features stainless steel appliances, a mix of quartz and butcher block countertops, a breakfast bar, designer pendant lighting, and solid wood cabinetry. Large picture windows in the Florida room and master bedroom showcase breathtaking water views. Additional architectural details are tile flooring throughout including beautiful Mexican tile in the Florida room, a shiplap accent wall, and modern ceiling fans. The spacious master suite boasts an oversized walk-in closet and a spa-like master bath with an LED lighted mirror and a glass-enclosed shower. The split-bedroom floor plan offers two large guest rooms. A French door leads to the screened patio, where picture frame screens provide a pest-free, unobstructed view. Enjoy stunning sunrises over Whidden Bay. LONG LIST OF UPDATES, including a NEW roof, ALL NEW stainless-steel appliances, NEW water heater, NEW electrical wiring with a new electrical box and wiring from the street to the home, NEW PEX plumbing throughout, NEW impact garage door, and NEW shed. Additional features include whole-house hurricane protection with electric and manual roll-down shutters, an oversized attached two-car garage with a workshop, and an adjacent shed. Lush tropical landscaping surrounds the home, creating a private oasis. A small sandy beach has been added between the davits, while a wooden dock is ready to accommodate your boat, kayak, wave runner, or paddleboard. Plenty of room in the back to build a pool and have the backyard of your dreams. Begin your maritime adventures right from your backyard and experience the Florida dream. This home offers front-row access to some of the best fishing and boating in Southwest Florida. Home is located on a VERY QUIET street. Harbour Heights features a nearby waterfront park with a playground, boat launch, tennis and pickleball courts, basketball courts, and a picnic area.
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.
