Lakefront Pool Home in Whisper Bay | Gulf Breeze School District | True Lakefront Property with direct water frontage Check every box with this impeccably maintained, move-in-ready lakefront retreat. Situated on over half an acre in the desirable Whisper Bay community, this 4-bedroom home offers exceptional privacy on a quiet cul-de-sac, just blocks from the Bay and located within the highly sought-after Gulf Breeze school district. Step outside to your own private backyard oasis featuring an in-ground pool and direct frontage on a spring-fed lake teeming with fish and wildlife, ideal for kayaking, paddleboarding, and fishing right from your backyard. The heart of the home is a beautifully updated chef’s kitchen, renovated in 2025, featuring quartz countertops, a deep stainless steel sink, an oversized island, and a commercial-grade dual-fuel range with a gas cooktop and electric convection oven, along with an energy-efficient dishwasher and refrigerator. The functional layout includes luxury vinyl plank flooring throughout the main living areas, a convenient first-floor primary suite, and three spacious guest bedrooms, most with walk-in closets. Recent upgrades provide peace of mind, including a full main bathroom renovation in 2025, a new roof and siding in 2021, impact-resistant windows, and a new indoor and outdoor HVAC system with a gas furnace installed in 2022. Partially surrounded by woods and fully fenced for added privacy, the property also has mature, high-producing fig trees, chicken coop and raised garden bed. The home also comes with a secure, heavy duty gun safe. This home blends modern upgrades with timeless charm and offers a rare opportunity to enjoy the ultimate lakefront lifestyle in one of the area’s most desirable locations.
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.
