Discover this solidly built 3-bedroom, 2-bath block home featuring classic terrazzo floors and an updated roof maintained entirely by the Homeowners Association for easy, worry-free living. Step inside to a bright and functional kitchen complete with newer wood cabinetry, durable Formica countertops, and a convenient pass-through window to the dining area—perfect for serving meals or entertaining guests. The open living and dining areas flow seamlessly and overlook the expansive community greenspace. Just beyond your backyard sits the heart of the neighborhood: a beautifully maintained community center, a sparkling swimming pool, and an inviting play yard. Whether you're enjoying a quiet afternoon, hosting a get-together, or watching the little ones laugh and play, this shared open space adds an incredible sense of light, air, and connection. One of the greatest advantages of living here is the hands-off lifestyle. The HOA covers all yard cutting, ensuring consistent curb appeal without the weekend chores. You’re welcome to add touches of minimal landscaping if you enjoy gardening, but it’s entirely optional—perfect for those who want the freedom of a home without the constant upkeep. This neighborhood is known for its friendly atmosphere, walkable streets, and the strong sense of community among neighbors. The community center often becomes a gathering spot for seasonal celebrations, informal meetups, and neighborhood activities. With the pool, play yard, and large open common areas, there’s always a place to relax, unwind, or mingle. Originally built as Navy housing, these homes are recognized for their durability and thoughtful design—including a built-in safe room. Many owners use this versatile space as a playroom, home office, storage area, hobby room, or even an additional bedroom. It’s also an incredible asset during storm season. Two functional bathrooms await your modern touch if desired, and the oversized one-car garage offers ample space for storage, tools, bikes, or hobby equipment. Altogether, this home offers the perfect blend of low-maintenance living, solid construction, and a warm, welcoming community—an ideal setting for relaxed Florida living.
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.
