Welcome home to this beautifully updated 4-bedroom, 2-bathroom, 1-car garage pool home, ideally located in a no-HOA neighborhood in the heart of Palm Springs. This property delivers true peace of mind with major upgrades already in place, including a brand-new roof (2026) and a new A/C system (2025), both backed by transferable warranties, and hurricane impact windows (2016). Step outside to your private oasis, featuring a stunning freeform pool and elegant travertine decking built in 2019, perfect for entertaining or relaxing in style. Additional enhancements include a beautifully updated kitchen (2021), a newer water heater (2022) and a new irrigation pump (2025) supplied by the canal system, offering both efficiency and convenience. As you step inside, you'll immediately notice the attention to detail, featuring large square tile flooring throughout the main living areas, updated fixtures, upgraded trim work, and impact windows. The updated kitchen features granite countertops with ample prep space and bar-top seating, a dual sink with disposal, updated fixtures, and modern solid wood cabinetry. It opens seamlessly to the living and dining areas, creating a functional and inviting layout. Sliding glass doors lead out to the covered patio, filling the space with natural light. A dedicated laundry room is conveniently located just off the main living area. The primary suite is filled with natural light, enhanced by impact glass and updated finishes. The en-suite bathroom has been tastefully renovated with a quartz-topped solid wood vanity with updated hardware, modern fixtures, and a fully tiled floor-to-ceiling walk-in shower with a sleek glass enclosure complete with modern hardware. All three secondary bedrooms are well-proportioned, each offering built-in closet shelving, updated fixtures, and great natural light. The secondary bathroom is equally well-appointed with a granite-topped solid wood vanity with dual sinks and updated hardware. It also features updated lighting and a fully tiled shower/tub combination. Step outside to your private backyard retreat, complete with a covered patio and a large freeform pool surrounded by travertine decking. The fully fenced yard offers privacy with mature hedging and includes a storm-proof utility shed for additional storage. Palm Springs is a hidden gem for buyers seeking a spacious, established neighborhood where large lots and scenic canal views are the standard rather than the exception. Residents enjoy being just minutes from the sprawling John Prince Park, a local favorite for its lakefront trails, dog parks, and splash pads, while the vibrant dining and coastal breezes of Lake Worth Beach are a short 15-minute drive east. With Palm Beach International Airport and the upscale shopping of West Palm Beach less than 20 minutes away, this location ensures you're never far from the action, all while providing a peaceful retreat to call home.
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.
