Enjoy true Florida waterfront living in this completely remodeled 3-bedroom, 2-bath home situated on an oversized 8,600 SF lot with 77 feet of concrete seawall and direct Gulf access—just minutes to open water. Boating enthusiasts will appreciate the new concrete seawall cap, floating wood dock, dual davits with boat carrier, and waterside washing station with electric and water. The interior features a desirable split and open floor plan with luxury wood-look vinyl plank flooring throughout. The updated kitchen showcases gray shaker cabinetry, quartz countertops, stainless steel appliances, and plantation shutters, flowing seamlessly into the living area for effortless entertaining. Two guest bedrooms share a beautifully remodeled bathroom with a walk-in shower, glass enclosure, and quartz-topped vanity. The private primary suite is located at the far end of the home and includes a walk-in closet, spa-style shower with glass enclosure, and marble-topped vanity. Additional living space is found in the enclosed 480 SF rear porch, offering a flexible office and bonus entertainment area, all overlooking the screened concrete pool with pavered deck. Outdoor features continue with a fully fenced yard, concrete waterside seating area, two storage sheds, and ample parking with a paved driveway accommodating 6+ vehicles. Major updates include a new roof (2024), impact windows (2022–2023), new water heater (2023), central AC (2016), plus two mini-split systems (primary bedroom 2024, rear bonus room 2025). The screened 2-car garage with interior laundry room adds convenience and storage. These upgrades contribute to low homeowners insurance at approximately 1,747 dollars annually. This exceptional Gulf-access pool home offers the perfect blend of comfort, boating lifestyle, and outdoor living—ideal as a primary residence, vacation home, or waterfront investment. This property has FHA transferable loan of 2.99% for 225k. Hernando Beach is a vibrant waterfront community that offers the best of coastal living—boating, kayaking, paddleboarding, fishing, and more. Just minutes from the world-famous Weeki Wachee Springs, residents also enjoy close proximity to shopping, dining, hospitals, and top-rated schools. The community is golf cart friendly and allows short-term rentals with no HOA, no deed restrictions, making it perfect for full-time residents, part-time snowbirds, or investors. The Suncoast Parkway offers easy commuting to Tampa, Brooksville, and beyond.
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.
