Move right into this beautifully updated, move-in ready home on a spacious corner lot with no HOA. Boasting 3 bedrooms and 1 bath, this home combines style, comfort, and thoughtful updates throughout. Lush landscaping and soaring royal palms create instant curb appeal, while the wraparound driveway offers convenient parking for family and guests. Step inside to a cozy living room, carpeted for comfort, where you can relax by the fireplace or soak up the sunshine through large front windows. Elegant travertine floors flow seamlessly through the main areas, adding a touch of sophistication while enhancing the home’s open, airy feel. The kitchen is designed for both everyday living and entertaining, featuring a center island perfect for hosting gatherings, rich brown wood cabinets, granite countertops, a wine refrigerator, and stainless steel appliances. Pendant and recessed lighting create a warm, inviting ambiance, while the eat-in area provides a casual spot for morning coffee or family meals. Each bedroom is carpeted for comfort and offers ample closet space, while the updated bathroom features a modern vanity, sleek tile shower, and tile flooring. A versatile Florida room adds flexible space for a home office, hobby room, or cozy retreat, extending the living area to suit your lifestyle. Step outside to a fenced backyard ready for entertaining or relaxing, complete with a storage shed and a covered, paved area perfect for grilling, outdoor gatherings, or simply enjoying the sunshine. This corner-lot gem offers a seamless flow, abundant natural light, and thoughtful updates throughout, making it ready for today’s lifestyle. See it for yourself! Schedule your showing today and start living your dream!***FREE 1/0 Rate Buydown when using the seller's preferred lender!***
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.
