Welcome to your move-in-ready sanctuary on a sprawling corner double lot! Boasting over $60,000 in meticulous upgrades, this home perfectly blends modern luxury with preserving old Florida character—all just 5 miles from the beach and minutes to downtown Bradenton. This home sits in Flood Zone X (Elevation E) and has never required evacuation during any past hurricane. You'll enjoy unbeatable power reliability, as it is located on the Manatee High School power grid with a history of zero power loss during storms. Plus, the school right down the street serves as an official hurricane shelter. Structural security is top-notch, equipped with hurricane impact windows (2020), a 2020 roof, a secondary energy-efficient TPO flat roof (2023), and a 2021 electric panel with a whole-home surge protector. For pristine air quality, the 2020 AC is upgraded with a hospital-grade UV mold-killing system and a specialized air purifier (2023). Inside, you'll find sleek quartz countertops and a professionally sealed cast iron tub for classic elegance, alongside a custom bamboo bar for entertaining and a newly installed 2025 custom closet system. Your private outdoor retreat is fully enclosed by a brand-new white vinyl fence (2025), featuring your own basketball court and a screened lanai with updated electrical (2024). Schedule your tour today to secure this home before it's gone!
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.
