Back on market by motivated seller as a private refinancing opportunity fell through!!! Come see this spectacular 3-bedroom, 2-bath house with private, screened pool and patio. Upon arriving you'll pull into a long driveway leading to the two-car garage and the front lawn adorned with 2 beautiful palm trees. Welcome to Florida living!!! You'll find this house has plenty of outdoor space and backs up to a conservation area providing wonderful privacy. Upon entering this house you'll be invited to rest and relax in the living room which features a distressed wood-paneled accent wall. Straight ahead you'll find yourself walking through the walkway leading to the kitchen and dinette, the bonus/flex room featuring a barn door entry with a granite counter wet bar and built-in cabinets. To your left will be the first and second bedrooms. Off to the right of the living room is the dining room and the owner's suite. As you walk through, you'll feel the spaciousness of the home accented by the high ceilings. The owner's suite feels grand with the array of windows in front of you and the high ceilings. The en-suite owner's bathroom and second bathroom feature SMART Bluetooth-controlled streaming exhaust fans. The kitchen features stainless steel appliance and countertops. All the bedrooms, dining room, kitchen, and owner's bath feature custom-sized cellular blinds for the windows. Bedroom 2 has a custom-built closet organization system. Leading out to the patio and pool is a sliding glass patio door with built-in blinds (installed in 2022). The screened pool enclosure was rescreened on the top in November 2024. The private pool was resurfaced and retiled. The pool deck features fully hand-stenciled painted work. The partial covered patio roof with ceiling fan and lighting was added in 2021. The house also features beautiful polychromatic architectural shingles. The roof was installed in 2019. You'll find a second stainless steel refrigerator housed in the garage that will convey to the new owner with the purchase of the house. This home does require some updating as well as maintenance. There has been deferred maintenance of the HVAC and laundry room. Laundry room does require some drywall work (see seller's property disclosure) and baseboards. The pool has not been maintained chemically and will require treatment and maintenance. Seller has priced the home below market value and is selling AS IS. No repairs will be performed by the seller.
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.
