Nestled in a peaceful setting, this Key West-style 3-bedroom, 2.5-bath home offers a warm, inviting feel with thoughtful updates and exceptional indoor-outdoor living. Major improvements include a 2021 roof and 2021 AC, as well as 2021 hot water heater plus water softener, providing peace of mind from the start. Move-in ready, the home features a side-entry two-car garage, oversized driveway, and welcoming covered front porch. A glass-paneled front door opens to a striking interior highlighted by wood-look plank tile flooring (2024), 6" baseboards, 6 panel doors, graceful arched openings, soft water system, and soaring ceilings that create a bright, open atmosphere. No HOA or deed restrictions. The dining room is accented by an Edison-style chandelier along with custom wood shelving and cabinetry that add both charm and function. The kitchen is beautifully appointed with alabaster wood cabinetry, marble countertops (2024), subway tile backsplash (2024), recessed and pendant lighting, a coffee nook, and a movable center island for added prep space. A corner dual sink (new faucet 2024) beneath a window and a bay-window breakfast nook bring in abundant natural light, while stainless steel appliances complete the space. The kitchen flows seamlessly into the living room, where a mosaic-tile wood-burning fireplace with mantel and dramatic 22-foot ceilings create a stunning focal point. French doors open to the screened lanai and pool area, making everyday living and entertaining effortless. A versatile first-floor office with a built-in closet can easily serve as a guest room. The laundry room offers mosaic tile flooring, built-in cabinetry, and additional storage, while the half bath is well appointed with a marble-top vanity, mosaic tile flooring, and a linen closet. Upstairs, a beautiful carpeted staircase with a wood banister leads to the private living quarters. The spacious primary suite is light-filled and serene, featuring a tray ceiling, plush neutral carpet, and an upgraded walk-in closet with custom shelving. The ensuite bath includes a garden tub, separate walk-in shower, and dual-sink vanity. Bedrooms two and three continue the home’s cohesive style with neutral tones, ceiling fans, and generous closet space, including a walk-in closet in the third bedroom. Just outside the bedrooms, a built-in desk area provides a convenient workspace. The second full bath features a dual-sink vanity with dolomite countertops, updated lighting, wood-look plank tile flooring, and a tiled tub/shower combination. A second-floor laundry chute adds extra convenience. Step outside to a private backyard retreat designed for relaxation, complete with a tile saltwater pool, sun shelf with umbrella, and surrounding stone-paver deck (2022). The screened lanai (2022) keeps the space comfortable year-round, while the covered patio is perfect for outdoor dining. A pergola (2022) set on a cement pad offers an ideal spot for grilling or lounging. Irrigation system added in 2022. Conveniently located near shopping, dining, parks, and beaches, this home combines thoughtful design, comfort, and everyday functionality.
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.
