GULF ACCESS! AIR BNB POTENTIAL! NEW PRICE-EXCEPTIONAL OPPORTUNITY to enjoy the Southwest Florida boating lifestyle with the rare advantage of a SEPARATE GULF ACCESS RECREATIONAL LOT INCLUDED! (2444 N Westwood Dr.) Current Survey of Lot on file. While the home itself is not direct waterfront, owners enjoy access to a waterfront community park and boat ramp, creating the perfect combination of privacy, flexibility and Gulf access without bridges. Whether you envision extra outdoor space, additional storage, future possibilities or convenient boating access, this unique property offers a lifestyle rarely found at this price point. Prepare to fall in love with this retreat like, boutique style, completely renovated 3-bedroom home located in the sought-after boating community of Yacht Club Colony. Packed with upgrades and charm, this property offers the perfect blend of coastal lifestyle, comfort, and flexibility. Situated on a large tropical lot with plenty of room for a future pool, the separate 2644.82 Sq. ft water-front lot offering direct Gulf access is — ideal for launching kayaks, paddle boards, or a small boat. Meander the pathways of the mangroves trails, and Enjoy the benefits of Yacht Club Colony's unique park, gazebo, neighborhood gatherings, boat ramp. Enjoy the sunsets across the river, or bring your pup for a stroll. With no mandatory HOA restrictions, you can live the FL lifestyle your way. Store your boat or RV, on your own property, take your boat to the East or West Coast! The backyard offers a peaceful tropical setting with ample space for entertaining. Inside, the open-concept design features stunning waterproof epoxy flooring, a handcrafted fireplace, custom built-ins, and a gorgeous chef-inspired kitchen complete with quartz countertops, custom island, farmhouse sink, stainless steel appliances, under-island refrigerators for a streamlined look, RO water filtration system, and an adorable pantry. The beautifully updated bathroom includes a luxurious soaking tub, while additional upgrades include a metal roof, brand-new air conditioning system with all new ductwork and REME Halo air purification system, brand-new garage door, and new water heater. The air conditioned cooled garage offers endless possibilities for a gym, playroom, hobby space, or potential guest conversion. Low taxes, assumable flood insurance, and no Airbnb restrictions make this an outstanding opportunity for full-time living, seasonal enjoyment, or income-producing potential. Furnishings may be negotiable, allowing for a possible turnkey opportunity. Close to 1-75, and plenty of shopping for convenience, yet very private.
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.
