Hurricane-Ready Waterfront Pool Home | Fully Owned Solar + Battery Backup | No HOA Experience the best of South Florida living -- where others vacation -- in this beautifully maintained canal-front pool home designed for comfort, efficiency, and hurricane resilience located in beautiful Palm Beach Gardens. This unique property offers a rare combination of energy independence, storm protection, and waterfront lifestyle, making it ideal for year-round living or peace of mind during storm season. The home features a fully owned solar system with battery backups, allowing the property to operate independently if needed. The solar panels are 100% paid off and owned by the seller, and FPL does not pull power from the system. A solar-powered split AC unit provides additional cooling dire from the solar system, helping keep electric costs low while offering reliable comfort during storm season. Designed with hurricane resilience in mind, the home is rated to withstand a Category 4 hurricane and features impact-rated hurricane windows and doors, along with a roof approximately 5 years old and additional structural improvements such as hurricane straps and reinforcements. The property is also equipped with an 18kW solar generator system and a dedicated subpanel for the kitchen and living room, ensuring essential areas remain powered when needed. Inside, you'll find thoughtful upgrades throughout including all new air conditioning ductwork, a main AC system approximately 6 years old, and an upgraded 200-amp electrical panel, replacing the original 100-amp system. The home has also been fully rewired, providing modern electrical reliability. Step outside to enjoy your private backyard retreat overlooking the canal, which flows into Lake Catherine. The outdoor space is perfect for relaxing or entertaining, solar pool heater, upgraded oversized pool filtration system, and fire pit area. A kayak and paddleboard rack makes it easy to enjoy the waterfront lifestyle. Additional outdoor features include a new sprinkler pump drawing water directly from the canal, permanent color-changing holiday lighting, three solar roof vent fans, new gutters installed during roof replacement, and spray foam insulation in the garage roof for improved energy efficiency. The property also offers beautiful tropical landscaping with banana trees, lemon tree, pineapple plants, and a newly planted dragon fruit plant, creating your own South Florida oasis. Inside the home you'll find stainless steel kitchen appliances, an inviting living space, and a new living room floor. The backyard is enclosed with fencing connected to neighboring properties, adding privacy and convenience. Located with easy access to I-95 and the Florida Turnpike, the home is just minutes from fine dining, shopping, and some of South Florida's finest golf courses and pristine beaches. With NO HOA, waterfront access, hurricane-resilient upgrades, and fully owned solar power, this property offers a rare opportunity to enjoy energy independence, security, and the South Florida lifestyle all in one home.
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.
