Discover this hidden gem of a home, quietly nestled at the end of the Water Oaks neighborhood. New HVAC replaced in November 2025, carpet replaced & freshly painted in 2024. This 3BD/3BR home is nothing short of charming, offering an ideal layout for entertaining, with the living room, kitchen, dining area, & half bath all conveniently located on the main floor. The kitchen includes refrigerator microwave & electric stovetop, along with a spacious walk-in pantry & center island perfect for gathering. The master bdrm sits just at the top of the stairs showcasing serene views of the open pasture below, also featuring a walk-in closet right next to the master bath. Placed between the master and guest bdrms, you'll find a conveniently located laundry room and full guest bath with tub/shower combination. At the end of the hall are two additional guest bdrms, each complete with double closet doors. This home offers both convenience and privacy-come see the home that speaks for itself! Just minutes from local dining, recreation, hospital, urgent care, schools, churches and shopping. Approximately 1.8 miles to the west end entrance to Hwy 30A that has public accesses to the beautiful white sandy beaches along the Gulf of America. Hwy 30A stretches 18 miles with a bike path stopping along the way to enjoy shopping, dining, recreation and much more in Dune Allen, Blue Mountain Beach, Grayton Beach, Watercolor, Seaside, Seagrove Beach, Watersound, Alys Beach, Seacrest Beach and Rosemary Beach. Buyer(s) are responsible to personally verify all details for property and dimensions. Any information contained in this listing is believed to be accurate but is not guaranteed.
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.
