Step into this beautifully updated 3 bedroom, 2 bathroom home in the heart of Delray Beach with NO HOA! From the moment you walk in, you'll love the spacious layout, abundant natural light, and tile flooring throughout the home. The updated kitchen features soft close cabinetry, stainless steel appliances and opens perfectly to the living areas, making it ideal for everyday living and entertaining. Both bathrooms were stylishly renovated in 2025, giving the home a fresh, modern feel buyers are looking for. The oversized enclosed screened patio is truly a standout feature, offering an incredible extension of the living space and endless possibilities for entertaining, relaxing, or creating the ultimate indoor outdoor retreat. The fenced backyard backs up to a large open green space, providing added privacy with no rear neighbors. The spacious primary suite features a large walk in closet and updated en suite bathroom. Guest bedroom includes 2 closets for extra storage, while the 3rd bedroom offers plenty of natural light. The converted garage is currently being used as a 4th bedroom, perfect for guests, a home office, gym, or flex space, or can easily be converted back into a true 2 car garage if preferred. Additional upgrades include a 2021 roof, brand new irrigation system installed in 2026, and a new AC system in 2025. Ideally located near premier shopping, dining, major highways, vibrant downtown Delray, and South Florida's beautiful beaches, this exceptional property offers the perfect combination of luxury, versatility, and location. Homes offering this much space, privacy, and flexibility rarely become available. Schedule your private showing today.
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.
