This spacious and meticulously maintained home, built in 2007, offers over 2,400 square feet of comfortable living on an oversized 12,000+ sq. ft. triple corner lot. Featuring 4 bedrooms plus a full-size office, 2.5 bathrooms, and a 3-car garage, this property provides both functionality and flexibility for today’s lifestyle. Outdoor enthusiasts will love the 32-foot RV and boat parking with a double gate (2023), additional boat trailer storage, and the fully fenced oversized yard with a 6-foot vinyl privacy fence and three access gates (2023). The western rear exposure delivers stunning sunsets across the impressive 50-foot lanai and oversized 13,000-gallon saltwater pool, creating the perfect setting for entertaining. A shaded patio area and custom fire pit further enhance the outdoor living experience. The beautifully maintained grounds feature more than 3,000 sq. ft. of lush lawn, six towering 40-foot palm trees—among the largest in the region—and professional landscaping with newly added front trees and plantings. Inside, the home is designed for both comfort and efficiency. The kitchen is equipped with newer LG stainless steel appliances (2023), pantry pull-out drawers, and ample storage. Additional upgrades include a full reverse osmosis system with a 500-gallon water tank (2021), tankless water heater, decked attic for extra storage, and a portable 12,000-watt generator with transfer switch capable of powering most of the home. Safety and security are prioritized with a 16-camera built-in security system and hurricane-rated garage doors (2023). Major mechanical updates include a new roof (2023) and a high-end 4-ton Trane A/C system (2017). The spacious primary suite offers a luxurious walk-in shower with both a rain shower head and handheld fixture. This property combines space, privacy, modern upgrades, and exceptional outdoor living—perfect for those seeking room for vehicles, toys, and entertaining in a beautifully maintained setting.
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.
