Welcome to a peaceful retreat tucked within the desirable Sugarmill Woods community, where mature trees, lush natural foliage, and a quiet circular street create a truly private, park-like setting. This beautifully updated home offers a rare blend of space, functionality, and serene surroundings on an oversized lot designed for quiet enjoyment and everyday comfort. From the moment you enter through elegant double French doors, you’re welcomed into a light-filled great room with vaulted ceilings and transom windows that draw your eye outward toward the expansive enclosed lanai. The formal dining room sits just off the foyer, providing a dedicated space for special gatherings while still flowing naturally into the main living area. The heart of the home is a spacious kitchen designed for both style and storage, featuring abundant cabinetry, a large pantry, and a cozy breakfast nook overlooking the peaceful backyard. The kitchen opens seamlessly to the great room, creating the perfect space for connection and entertaining. A Samsung refrigerator with interchangeable door panels is included, along with a full set of customizable color panels, allowing future owners to personalize the look with options like blue, white, pink, and more. The home offers 2,153 square feet of living space plus an additional approximately 325 square feet of fully enclosed living area that was formerly the rear lanai, now finished with full windows and flooring. Pocket sliding doors connect this space to the great room and kitchen, creating an ideal game or entertaining zone that expands the living experience and enhances the home’s open feel. All bedrooms are generously sized and can easily accommodate king-sized furnishings. The primary suite features a large walk-in closet and a customized bath layout where the original soaking tub was removed to create an expansive dressing or storage area, ideal for shoes, handbags, and accessories, and flexible enough to suit future design preferences. The en-suite bath includes a double vanity and walk-in shower. A separate, dedicated room near the primary suite is currently used as a home office, offering valuable bonus space beyond the main living areas. Significant updates include a new roof in 2024, double-pane windows installed in 2021, a newer A/C system (2016), hurricane-impact garage doors with coded keypad entry, updated LVP flooring, and fresh exterior paint, delivering both comfort and peace of mind. The oversized two-car garage provides exceptional room for vehicles, storage, and work space. Outside, the oversized lot and mature landscaping create a tranquil, private outdoor setting that feels more like a nature preserve than a typical neighborhood property. Located within Sugarmill Woods, residents enjoy a peaceful, scenic environment with convenient access to golf, tennis, pickleball, parks, walking and biking areas, and everyday shopping and dining. The community is perfectly positioned near Florida’s Nature Coast, offering easy access to natural springs, rivers, boating, fishing, and Gulf waters. Nearby attractions, wildlife, and outdoor recreation create an unmatched lifestyle for those who value privacy, nature, and adventure while still enjoying modern convenience.
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.
