Welcome to a home that truly stands apart—not a quick flip, but a property that has been lovingly maintained and thoughtfully improved over the past 18 years by owners who have taken pride in every detail. This beautifully cared-for 3-bedroom, 2-bath pool home offers the perfect blend of comfort, quality, and lasting value. From the moment you arrive, the pride of ownership is unmistakable. Inside, you’ll find a bright, open layout enhanced by updated flooring, fresh interior paint, and custom features like powered window blinds and charming barn doors that add both style and function. One of the home’s most unique features is the thoughtfully enclosed patio, adding over 200 square feet of versatile living space. Currently used as a private home office, it includes its own mini-split A/C system and French doors connecting seamlessly to both the kitchen and primary suite—ideal for today’s flexible lifestyle. The primary suite offers a relaxing retreat, complete with a garden tub, spacious walk-in shower, and a large walk-in closet with custom touches. Step outside to your own backyard oasis, where a saltwater pool and spa invite you to unwind year-round. Enjoy peace of mind with major pool updates, including new pavers (2022), heater (2021), and filter and pump (2023). The fully screened patio creates the perfect setting for entertaining, while the addition of a Tuff Shed (2022) provides valuable extra storage. Beyond the home itself, the community offers exceptional amenities including a playground, tennis courts, pool, and pickleball courts—perfect for an active Florida lifestyle. Significant updates throughout the home provide true peace of mind: Roof (2023), hurricane-rated windows and doors (2021), A/C (2019), garage door (2023) with epoxy floors (2022), water heater (2018), and irrigation system with updated controller (2020). Located in Flood Zone E (flood insurance optional), this home has never experienced flooding or hurricane damage. You’ll also love the convenience of being within walking distance to the local elementary school and park, and just minutes from shopping, dining, and some of Florida’s most beautiful beaches. Move-in ready, meticulously maintained, and filled with thoughtful upgrades—this Palm Harbor home is a rare find in today’s market.
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.
