Short golf cart ride to the ocean! Beautiful traditional home with an open floor plan featuring hardwood floors throughout the main living area. Spacious kitchen offers granite countertops, stainless steel appliances, pantry, eat-in kitchen, bar seating, microwave vented to exterior, and stylish glass tile backsplash. Open-concept layout with extensive space for everyone also affords charm and coziness with the fireplace and backyard view. Extended closet space provides both functionality and comfort. Additional features include a half bath on the first floor and a mud room. Bedrooms include ceiling fans are carpeted for comfort. Spacious primary suite features two walk-in closets and an extended loft/sitting area. Primary bath includes tile flooring and dual vanity sinks. Convenient upstairs laundry room and easy attic access from upstairs hallway. Second full bath also located upstairs. Enjoy outdoor living by taking a visit to the community pool or bring your non-motor boat to the access point and go fishing. Sit by the oversized pond and enjoy the fire pit. Get your workout on at the gym in the amenity center or by using the bocce ball court. Then enjoy the rest of your day by sitting outside of this gorgeous home's covered front porch or screened in back patio, both equipped with ceiling fans. Backyard features a large 23’ x 46’ paver patio with polymer sand, dedicated grill area, and plumbing in place for an optional gas line to a future fire pit. Full irrigation system surrounds the home. Additional upgrades include extended front parking area, professional hardscaping and landscaping, and attached 2-car garage with a water line ran for a future refrigerator. HOME WARRANTY INCLUDED!
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.
