Welcome to 3704 SW Quail Meadow Trail, Unit E, located in the desirable gated community of Quail Meadow within Martin Downs, one of Palm City's most established golf course communities. Surrounded by lush fairways and mature landscaping, Martin Downs offers a peaceful country club lifestyle with convenient access to shopping, dining, top-rated schools, and major commuter routes. The adjacent Martin Downs Golf Club features an 18-hole championship course that has hosted PGA and U.S. Tour qualifying events and remains a popular destination for golfers of all skill levels. This beautifully remodeled 3-bedroom, 2-bath villa with a 1-car garage offers the perfect blend of comfort, style, and convenience. Step inside to discover a light and bright open floor plan featuring luxury vinyl flooring throughout the main living areas, updated fixtures, and stunning golf course views. The renovated kitchen is equipped with Corian countertops, stainless steel appliances, ample cabinetry, and a breakfast bar ideal for everyday living and entertaining. All three bedrooms are generously sized, offering flexibility for a variety of lifestyles. The spacious primary suite features a completely remodeled bathroom with quartz countertops, designer finishes, and a luxurious tiled walk-in shower. The guest bathroom has also been tastefully updated with quartz countertops and modern finishes. One of the guest bedrooms is exceptionally large and would make an ideal den, home office, media room, or flex space while still functioning as a true bedroom. Additional upgrades include new plumbing, providing peace of mind for years to come. Enjoy Florida living year-round from the screened patio overlooking the golf course, offering a tranquil setting for morning coffee or evening relaxation. This pet-friendly community provides gated access and a low-maintenance lifestyle in one of Palm City's most sought-after locations. The HOA covers exterior maintenance, lawn care, cable, high-speed internet, gated security access, and community amenities, making ownership easy and worry-free. As an added bonus, this home includes a transferable membership to The Village Club & Preserve, providing access to resort-style pools, tennis and pickleball courts, basketball courts, fitness and walking trails, a dog park, playground, and a variety of social activities. Located within Martin County's highly acclaimed A-rated school district and just minutes from I-95, Florida's Turnpike, downtown Stuart, waterfront dining, boating, and the beautiful Treasure Coast beaches, this move-in-ready villa offers the perfect combination of lifestyle, location, and 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.
