Tucked away in one of Satellite Beach’s most desirable neighborhoods, this quiet, walkable community offers a rare sense of privacy with just one entrance in and out. Known for its welcoming atmosphere, the neighborhood is home to a diverse mix of residents, creating a vibrant and inclusive environment where everyone of all backgrounds and lifestyles feel at home. Pride of ownership is evident throughout, with well-maintained homes, friendly neighbors, and a true sense of community that makes this area especially sought-after. This thoughtfully updated pool home is a true private retreat, designed for both relaxation and entertaining. The 10-foot-deep pool is surrounded by lush, mature landscaping, creating a serene backyard oasis. Recent improvements include a freshly painted pool deck and interior completed this month, along with exterior paint completed less than a year ago, giving the home a clean, modern feel inside and out. Step inside to find durable and stylish vinyl plank flooring flowing seamlessly throughout the home. Both bathrooms have been tastefully updated, and the spacious primary suite features a walk-in closet for added comfort and functionality. The renovated kitchen serves as the heart of the home, showcasing quartz countertops, stainless steel appliances, and a reverse osmosis system, making it ideal for everyday living and entertaining. Additional upgrades include impact-rated doors for enhanced safety and efficiency, an indoor laundry room for convenience, 220-amp wiring ready for a hot tub, a 3-year-old Trane HVAC system, and a 2017 metal roof with a 50-year transferable warranty. Plumbing and Electrical also have been updated. Located in a highly rated school district and just minutes from Publix, gyms, shopping, and dining, this home is also less than a mile from the ocean, offering the perfect blend of comfort, convenience, and coastal 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.
