Discover one of the most versatile and value-packed 1-bedroom condos in the community! While many units offer similar square footage, this residence stands apart with an air-conditioned Florida room AND a screened porch—giving you a rare bonus living space perfect for a home office, guest area, or relaxing retreat. The kitchen and bathroom have both been tastefully updated in the last year! The roof, parking lot and carports have also recently been replaced!! No Land Lease! Ideally situated just steps from the pool, this unit offers both convenience and a lifestyle upgrade. Even more important—no land lease, a major financial advantage compared to other units currently on the market, providing greater long-term stability and peace of mind. This is a non-55+ community, making it a fantastic option for first-time homebuyers, snowbirds, or those looking to downsize. Enjoy low-maintenance living where the exterior is taken care of—so you can spend more time enjoying Florida and less time working on it. Location matters—and this one delivers. Close to shopping, dining, and everyday essentials without the hassle of driving on US-19, giving you convenience without the congestion. Inside, the layout feels open and functional, with natural light flowing through the extended living areas. Whether you're looking for a full-time residence or a seasonal escape, this condo offers flexibility that others simply don’t. Seller is offering your choice of a valuable buyer incentive: one year of paid HOA fees, up to $5,000 toward closing costs, or an interest rate buydown—helping lower your monthly expenses or reduce upfront costs. With inventory in the community ranging widely in price and condition, this unit represents a standout opportunity for buyers who recognize added space, location, and financial advantages. Don’t miss your chance to own one of the most uniquely positioned—and best-valued—units in the complex."
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.
