Welcome to your front-row seat to the ULTIMATE FLORIDA LIFESTYLE. This 2,444 sq ft, 3 bedroom, 2.5 bathroom, 2.5 car garage residence is situated on an *OVERSIZED GULF ACCESS LOT* (over 13,000 sq. ft.) that boasts the highly coveted *SOUTHERN REAR EXPOSURE*. This orientation ensures your outdoor oasis is bathed in sunlight all day long, providing the perfect climate for year-round enjoyment. The focal point of this property is the *DRAMATIC, LONG-RANGE VIEW STRETCHING STRAIGHT DOWN THE WIDE CANAL*, offering a sense of *DEPTH AND PRIVACY* that is *RARELY FOUND ON THE MARKET*. Curb appeal is immediate, with a tile roof, paver driveway, screened entry and professional landscaping; enclosed by a metal fence for added security and style. The interior of the home reflects a commitment to quality, featuring elegant travertine flooring throughout the entire living space, impact windows, volume ceilings, and lots of natural light. The kitchen is a standout, outfitted with granite countertops, wood cabinetry, and stainless steel appliances that cater to both daily life and entertaining. Practicality meets luxury in the oversized 2-car garage, which includes a climate-controlled storage space—the perfect solution for preserving sensitive items in the Florida heat. Step outside into your private sanctuary, where a sleek 42' lap-style pool is framed by an expansive brick paver lanai and a matching paver walkway that wraps around the entire pool perimeter. To ensure nothing competes with the stunning water views the pool cage features picture-frame screening, while roll-down hurricane screens provide storm protection. For the boating enthusiast, the property features a large dock with a 10k lb boat lift, offering a gateway to the Gulf. Whether you are navigating the open water or enjoying the serenity of your landscaped grounds, this home delivers an unparalleled experience in one of the most sought-after waterfront settings. Assessments Paid and Seller Flood Insurance is transferrable!
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.
