Giddy up--or slow down--3.45 acres of purpose, privacy, and protected beauty just hit the market. This isn't just a property--it's a rare opportunity to live in harmony with one of Florida's most beloved native species: the gopher tortoise. Whether you're dreaming of farm-to-table living, craving space to breathe, seeking a private homestead, a seasonal escape, or a meaningful connection to the land, this unique offering invites you into a lifestyle that's equal parts freedom and stewardship. Located in the quiet, sought-after community of Grassy Pond Ranches, this beautifully maintained 3-bedroom, 2-bath home sits on 3.45 acres--shared, respectfully, with resident gopher tortoises, a protected keystone species that play a vital role in Florida's ecosystem. For the right buyer, this isn't For the right buyer, this isn't a compromise--it's a calling. Built in 2018, this 1,404 sq ft residence is light, bright, and completely move-in ready. Features include new carpet, a functional split-bedroom layout, and a hidden pantry (yes--it's as cool as it sounds) that adds both charm and everyday practicality. All of this sits on 3.45 acres of natural Florida landscape, partially fenced, and home to a thriving colony of gopher tortoises. This protected species creates a unique environment that conservation-minded buyers will truly appreciate. Due to the presence of tortoise burrows, the property is best suited for low-impact use - think gardening, peaceful outdoor living, and enjoying the land as it was meant to be experienced. There may be opportunities to fence smaller designated areas, but the overall setting encourages a more intentional, preservation-focused lifestyle. No HOA equals no rental restrictions--giving you the flexibility to use the property as a full-time residence, weekend escape, or income-producing investment (think of the super cool niche Airbnb market this could become!) Residents of Grassy Pond Ranches enjoy private equestrian access directly into Northwest Florida Water Management District lands, offering miles of riding and hiking trails right from your neighborhood. All of this, while still conveniently located to Panama City, Chipley, and I-10--giving you the perfect balance of seclusion and accessibility. Some properties offer space. Others offer a lifestyle. This one offers a chance to preserve something meaningful!
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.
