Discover coastal living at its finest in this beautifully updated 3 bedroom, 2 bath stilt, home with pool located on one of the best Deep-Water canals in Gulf Harbors just 5 minutes to the Open Gulf.......... Elevated for peace of mind, this home offers exceptional protection from water intrusion while delivering stunning water views and luxurious outdoor living. Enjoy a two-story rear deck with amazing sunset views overlooking the Water, Canal, and Pool. The expansive covered outdoor lounge features a TV and kitchen—perfect for entertaining year-round. Boaters will love the 10,000 lb boat lift, Deep Water Gulf Access, and being just 5 minutes to the Open Gulf. Inside, the home features an open-concept layout, a cozy fireplace, extra full bath in the garage, It may be possible to fit more than 3 cars in the garage. impact-rated windows (2020), and a long list of major updates for effortless living. Gulf Harbors residents also enjoy access to a Private Beach, community park, and the true Florida waterfront lifestyle. Gulf Harbors is known for it's boat parades, golf cart parades, concerts at the beach and Civic Center and so much more fun Social Activities that Gulf Harbors provides....... Major Upgrades Include: • Plumbing updated (2019) • New roof (2020) • Air conditioner (2020) • New front & back maintenance-free decks (2020) • Flood vents for improved insurance rates (2020) • Exterior paint (2020) • Spray-foam patio insulation & finished patio ceiling (2021) • New boat lift (2021) • Pool converted to saltwater (2020) • New impact hurricane windows & sliders (2020) • Sea wall updated (2019) • Added attic insulation (2022) • Updated fireplace (2022) • New floating dock (2021) • Garage ceiling sheetrock (2022) • New flooring (2022) • Popcorn ceiling removed (2022) • Walls & ceilings repaired, retextured, and new interior paint (2022) • Extended driveway + 30-amp service (2021) • Water heater (2020) This home is the perfect blend of waterfront luxury, peace of mind, and modern upgrades—all in one of the most desirable boating communities on the Gulf Coast. AWESOME AFORDABILITY......My seller only pays $653/yr for Flood Insurance NFIP Policy that is TRANSFERABLE TO THE NEW BUYER and Only $2558 / yr for Home Owners Insurance. There is a VA assumable loan at 2.75% that could be assumable with a large down payment. Ask listing agent for details....
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.
