Coastal charm meets country living in this beautiful home that brings all the relaxed, beachy design vibes while sitting in one of DeSoto County’s most sought-after neighborhoods. Tucked along a picturesque road lined with gorgeous homes, this property offers the perfect balance of peaceful surroundings, space to spread out, and a home that feels fresh, bright, and effortlessly welcoming. Inside, the three-bedroom, two-bath split floor plan offers both comfort and functionality. The heart of the home is the incredible kitchen, featuring dual-tone cabinetry and plenty of workspace, all with views straight into the stunning Florida room that stretches almost the entire length of the back of the house. This sun-soaked space is absolutely filled with natural light and is the perfect spot for morning coffee, evening conversations, or simply enjoying the peaceful view of your backyard. The primary suite is spacious and inviting with a walk-in closet and a recently redesigned bathroom featuring gorgeous handpicked tile work and charming beadboard ceilings that tie beautifully into the coastal-inspired style of the home. In addition to the main living area, there is also a separate family room, giving you plenty of flexibility for entertaining, movie nights, a playroom, home office, or whatever fits your lifestyle. Step outside and the fun continues. The backyard is set up for making memories with a pool, a firepit and lounging area, and plenty of room to enjoy the outdoors. There is also a detached garage and an additional outbuilding for storage, tools, or hobbies. And the cherry on top is the privacy behind the home with no rear neighbors. Situated on almost an acre and a half of land, this property offers space, style, and one of the most desirable locations in DeSoto County. With a new roof installed in 2024 and a setting this special, this is the kind of home that’s hard to come by.
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.
