"Smell the sea and feel the sky, let your soul and spirit fly..." into a beautifully remodeled and updated 3-bedroom, 3-bath waterfront residence where coastal elegance meets everyday comfort. Designed to embrace its stunning surroundings, this sanctuary offers light-filled living spaces, tasteful modern upgrades, and a seamless indoor-outdoor flow. Wake up to tranquil water views, entertain with ease, and unwind as gentle breezes and sunset skies become part of your daily routine. Located within the highly desirable boating community of Mariners Cove along the Intracoastal Waterway, this property is a dream for water enthusiasts. Enjoy the convenience of your deeded 30-foot boat slip with access to a lift with capacity up to 10,000/lbs just steps from your back door—making it effortless to get out on the water whenever the mood strikes. Step outside to the inviting open patio and enjoy your waterfront setting—perfect for relaxing mornings, cookouts, evening gatherings, or simply taking in the peaceful rhythm of life by the water. The fully furnished, flexible layout includes a first-floor bedroom and full bath—ideal for guests or added convenience—while the second level features a spacious primary suite, an additional guest bedroom, two full bathrooms, and a washer/dryer. The main living area showcases elegant ceramic tile flooring. A thoughtfully designed custom glass-enclosed temperature controlled wine cellar adds a refined touch, beautifully showcasing your collection. Beyond the residence, Mariners Cove extends the lifestyle with exceptional community amenities just a short stroll away from the townhouse—an added advantage of this townhome's setting. Residents enjoy access to a clubhouse, pool and spa, and fitness center. The community is thoughtfully designed with scenic jogging trails, sidewalks, and street lighting throughout, creating a welcoming and walkable waterfront environment. This exceptional waterfront residence is not to be missed. Schedule your private showing today and experience the lifestyle that awaits at Mariners Cove.
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.
