DIRECT GULF ACCESS POOL HOME on an oversized 8,600 sq ft lot with 77 FEET OF CONCRETE SEAWALL, just minutes to OPEN WATER. This fully REMODELED 3 BEDROOM + FLEX SPACE, 2 BATH, 2 CAR GARAGE home offers the ideal blend of WATERFRONT LIVING, comfort, and functionality. Designed for boating enthusiasts, the property features a new concrete seawall cap, FLOATING DOCK, DUAL DAVITS WITH BOAT CARRIER, and a WATERSIDE WASH STATION with electric and water. Inside, the home offers a bright OPEN AND SPLIT FLOOR PLAN with LUXURY VINYL PLANK FLOORING throughout and Plantation shutters in the living room and kitchen. The UPDATED KITCHEN includes gray shaker cabinetry, QUARTZ COUNTERTOPS, and stainless steel appliances, flowing seamlessly into the main living area for easy ENTERTAINING. The PRIMARY SUITE is privately situated and features a WALK-IN CLOSET, glass-enclosed shower, and marble-topped vanity. Two guest bedrooms share a beautifully REMODELED BATHROOM with a walk-in shower, glass enclosure, and quartz vanity. An enclosed 480 SQ FT REAR PORCH provides valuable additional living space, ideal for a home office, second living area, or game room, all overlooking the SCREENED-IN POOL WITH PAVERED DECK. The outdoor space continues with a FULLY FENCED YARD, concrete waterside seating area, two storage sheds, and a paved driveway with PARKING FOR 6+ VEHICLES. Major updates include NEW ROOF (2024), IMPACT WINDOWS (2022–2023), WATER HEATER (2023), central AC (2016), and two mini-split systems (primary bedroom 2024 and flex space 2025). The SCREENED 2-CAR GARAGE WITH INTERIOR LAUNDRY adds convenience and extra storage. These improvements contribute to LOW HOMEOWNERS INSURANCE, currently estimated at approximately $1,747/YEAR. This GULF ACCESS POOL HOME is well suited as a primary residence, vacation property, or waterfront investment, offering a true FLORIDA BOATING LIFESTYLE with direct access to the open Gulf. 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.
