Set within the desirable Longlake enclave of Pelican Landing, this light-filled residence captures private tropical landscape views and effortless Florida living with spacious screened lanai, expansive pool and three-car garage. Designed for entertaining and everyday comfort, the home offers three bedrooms, two-and-a-half baths, and seamless indoor-outdoor flow enhanced by multiple French doors and expansive glass sliders. The covered outdoor living area features dual ceiling fans and overlooks the sparkling pool framed by lush, mature landscaping, creating a serene and secluded setting for relaxed afternoons or evening gatherings. A welcoming French door entry with transom window opens into the foyer and flows directly into the impressive great room, where a stunning chandelier and vaulted ceilings elevate the space. Glass sliders with transom windows invite abundant natural light indoors and connect effortlessly to the lanai. Diagonal tile flooring, white plantation shutters, and plentiful windows throughout create a bright, airy ambiance. The formal dining area is elegantly appointed with a bay window featuring an arched transom, chandelier, decorative wall trim, and a custom mirror for added sophistication. The kitchen blends functionality and style with granite countertops, stainless steel appliances, including a cooktop, wall oven, dishwasher, refrigerator/freezer, and under-counter microwave, along with an island featuring a bar counter for casual seating. A convenient pass-through window to the lanai enhances entertaining, while the adjacent dining area offers recessed lighting and a French door providing direct outdoor access. The family room showcases transom windows, vaulted ceilings and charming built-in shelving with a window bench, creating a cozy yet open retreat. The primary suite is a private sanctuary with glass sliders to the lanai and a spa-inspired bath designed as a tropical retreat overlooking a secluded courtyard through panoramic windows. Two mirrored-door closets provide ample storage, while the bath features dual vanities with a full-width mirror and makeup counter, a large walk-in shower with bench and glass enclosure, and a separate jetted soaking tub. Two guest bedrooms with ceiling fans are near a full bath with dual sinks and a shower-tub combination with glass enclosure, also serving as a convenient pool bath. A generously sized walk-in closet with shelving is off the hallway, and a powder bath adds further convenience for guests. Residents of Pelican Landing enjoy a premier lifestyle with championship golf (membership waitlist), private beach access, nature trails, kayak waterways, and tennis and pickleball. Just minutes from Gulf beaches and the shopping and dining of Mercato and Fifth Avenue South, this home offers exceptional privacy and convenience.
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.
