Welcome home to this beautifully kept single story four-bedroom, two-bathroom, two-car garage single-family residence located in the desirable gated community of Palm Beach Plantation, within the subdivision of Mulberry Grove. From the moment you arrive, you'll notice the pride of ownership throughout the neighborhood, highlighted by lush landscaping and charming brick paver driveways. This home welcomes you with a grand entryway and a private front patio, perfect for enjoying your morning coffee. Step inside to discover refined finishes, including wood-look laminate flooring throughout the main living areas, updated fixtures, and a beautifully renovated kitchen. The kitchen is thoughtfully designed with solid wood shaker-style cabinetry with crown molding, quartz countertops, a designer tile backsplash, recessed LED lighting, and stainless steel appliances. Additional features include a dual sink with disposal, a dedicated pantry, and an open layout overlooking the dining and living spaces, ideal for both everyday living and entertaining. The living and dining areas flow seamlessly from the kitchen and are filled with natural light, thanks to expansive sliding glass doors that lead out to your covered brick paver patio. The spacious primary suite offers a relaxing retreat, complete with a tray ceiling, updated fixtures, multiple windows for abundant natural light, and dual walk-in closets. The en-suite bathroom features dual solid wood vanities with updated lighting, a large Roman soaking tub, and a fully tiled walk-in shower with a framed glass enclosure. All three additional bedrooms are generously sized and feature the same wood-look laminate flooring and ample closet space. The secondary bathroom is conveniently designed in a Jack-and-Jill style with dual sinks, solid wood cabinetry, updated lighting, and a fully tiled shower/tub combination Additional highlights include a formal living room off the entryway and a dedicated laundry room with shelving and a utility sink. Enjoy outdoor living on your private, fully covered brick paver patio, overlooking a fully fenced backyard perfect for relaxing or entertaining year-round. Palm Beach Plantation offers resort-style amenities including a pool and jacuzzi, a beautifully appointed clubhouse, and a fully equipped fitness center. Residents enjoy multiple walking paths, as well as tennis and sports courts. Ideally located just minutes from Palm Beach International Airport, the Florida Turnpike, and I-95, with easy access to top-rated schools, the fairgrounds, shopping, dining, and entertainment.
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.
