Welcome to this spacious 3,732 square foot home offering 5 bedrooms, 4 bathrooms, and a 2-car garage, with the primary suite conveniently located on the main level. Designed for both comfort and entertaining, the open-concept family room, kitchen, and dinette create a warm and inviting gathering space. The first floor also features formal living and dining rooms, an indoor laundry room, a full guest bathroom, and the private primary suite. The gourmet kitchen includes a center island, black appliances, Corian countertops, wood cabinetry, two pantry closets, and a generous eat-in kitchen area. Overlooking the large family room, the kitchen offers a breakfast bar and dual sliding glass doors that lead to the covered lanai—perfect for indoor-outdoor living. The primary suite serves as a relaxing retreat with a sitting area, sliding glass doors to the lanai, and a large walk-in closet. The en-suite bathroom features dual vanities, a jetted spa tub, separate shower, linen closet, and private water closet. Upstairs, a dual staircase provides access from both the kitchen and foyer, leading to a large open loft and living area ideal for a game room or additional family space. This level includes four spacious secondary bedrooms and two full bathrooms, including a Jack-and-Jill bath with dual sinks and a separate tub and toilet area. The backyard offers mature fruit trees and plenty of room to add a pool or create your own outdoor oasis. This home is perfect for large families, offering abundant space and is conveniently located near HWY 27, close to shopping, dining, medical, and entertainment. Notable updates include exterior paint December 2025, roof replaced October 2022, and A/C 2020.
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.
