Welcome home to a beautifully upgraded 4-bedroom residence that knows how to make an entrance. Step inside and you’re greeted by a dedicated home office/den complete with French doors—perfect for work, workouts, or hosting your very own podcast show! To your right, a formal dining room with a custom accent wall sets the stage for holiday dinners, birthday parties, and Tuesday-night takeout that feels fancy. Continue on and the home opens up to a bright, white kitchen featuring granite counters and nearly new, top-of-the-line stainless appliances. If you love a spotless look, you’ll appreciate the all-tile flooring throughout—no dusty carpet, no problem. The spacious primary suite offers both comfort and convenience with direct access to the lanai, a well-appointed master bath, and a custom closet designed to keep life beautifully organized. On the opposite side of the kitchen, a cozy breakfast nook flows into a generous living area featuring a custom entertainment wall visible from nearly every angle. Slide open the doors and step into your personal paradise: a pavered patio wrapped around a heated inground pool and screened lanai—ideal for sunny weekends or relaxing evenings. Each side of the lanai offers additional tiled patio space, including a custom outdoor grilling area (because Florida living demands it). The fenced yard also features a handy storage shed. And let’s not forget the designer NEW ROOF in 2022, because peace of mind should always be part of the package.That includes being outside of the flood zone. ZONE X. Three additional bedrooms sit privately on the opposite wing of the home, making this floor plan perfect for entertaining, hosting guests, or simply spreading out. Cordless Zebra Blinds add style and convenience throughout, and the freshly painted garage—with added storage and a gleaming coated floor—ties it all together. This home truly delivers comfort, function, and a touch of flair. Come see for yourself—you’ll feel right at home the moment you walk in.
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.
