Welcome to your own private slice of country living—where space, freedom, and possibility come together. Situated on an expansive .80-acre lot, this 3-bedroom, 2-bath home offers the rare opportunity to truly make a property your own—with NO HOA and NO CDD restrictions. Bring your toys, your animals, and your vision—there’s room for it all. Step inside to a thoughtfully designed split floor plan featuring luxury vinyl plank and tile flooring throughout. Upon entry, you’re welcomed by a versatile formal dining room (currently used as a home office) and a light-filled living area, perfect for entertaining or relaxing. The heart of the home is the open-concept kitchen and family room, complete with granite countertops, wood cabinetry, and plenty of space to gather. The spacious primary suite is a true retreat, offering two walk-in closets and a well-appointed bathroom with dual vanities and a walk-in shower. Two additional guest bedrooms share a full bath, providing comfort and privacy for family or visitors. Step outside and enjoy Florida living year-round on your screened lanai with a pool—ideal for entertaining or unwinding after a long day. The real standout? The land. With .80 acres of usable space, you have endless possibilities—add a detached outbuilding, park your RV or boat, create a garden, or fence it in for ultimate privacy. Notable updates... Roof replaced 2022, A/C 2023, New well pump 8/25, Septic pumped 2023, exterior paint 11/25. The property already includes a shed and chicken coop (yes—6 chickens included!), making it perfect for those seeking a touch of homesteading charm. Country living at its best—peaceful, private, and completely your own.
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.
