PRICE IMPROVEMENT! Now offered below independent appraised value, this waterfront pool home presents an exceptional opportunity in the heart of Palm Beach Gardens. Experience the best of South Florida living in this beautifully maintained CBS canal-front pool home offering a rare combination of waterfront lifestyle, energy efficiency, and modern up grades with NO HOA. This unique property features a fully owned 2024 removable solar system with battery backup, providing significant energy savings and added peace of mind. The solar panels are 100% owned by the seller, and FPL does not pull power from the system. A dedicated solar-powered 1-ton split AC unit, installed in 2024, provides additional cooling while helping keep utility costs low year-round. Thoughtfully upgraded throughout, the home features impact-rated windows and doors (2020) , a roof approximately five years old (2020) , all-new air conditioning ductwork, a main AC system approximately six years old (2019) , a fully rewired electrical system, and an upgraded 200-amp electrical panel. An 18kW off-grid solar generator system with a dedicated subpanel serving the kitchen and living room adds even more functionality and efficiency. Step outside to your private backyard retreat overlooking the canal with access to Lake Catherine. Designed for both relaxation and entertaining, the outdoor space features a solar-heated pool, oversized upgraded pool filtration system, fire pit area, and dedicated kayak and paddleboard storage. Additional exterior improvements include a new sprinkler pump drawing water directly from the canal, permanent color-changing exterior lighting, three solar roof vent fans, new gutters installed during roof replacement, and spray foam insulation in the garage roof for enhanced energy efficiency. The tropical landscaping creates a true Florida oasis, complete with banana trees, a lemon tree, pineapple plants, and a newly planted dragon fruit tree. Inside, you'll find stainless steel kitchen appliances, an inviting living space, and updated living room flooring. The fenced backyard provides added privacy and convenience. Ideally located just minutes from I-95, the Florida Turnpike, world-class golf courses, pristine beaches, premier shopping, and fine dining, this property offers the perfect blend of comfort, convenience, and outdoor living. With canal frontage, a solar-heated pool, fully owned solar power system, extensive upgrades, RV parking, and no HOA restrictions, this Palm Beach Gardens gem is a rare opportunity to enjoy the South Florida lifestyle while benefiting from exceptional efficiency and long-term value.
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.
