One or more photo(s) has been virtually staged. Welcome to this beautifully maintained home in the desirable Silver Oaks Village, where pride of ownership, smart updates, and everyday comfort come together. Situated in a well-kept, peaceful neighborhood, this 3-bedroom, 2-bath residence with a 2-car garage offers a thoughtful layout, generous storage, and timeless design features throughout. Inside, you’ll immediately notice the high vaulted ceilings, elegant curved architectural edges, and abundant natural light that create an open, airy feel. The split floor plan provides privacy, with the primary suite tucked away as a true retreat. The ensuite bath features a large garden tub, separate walk-in shower, double vanity, and a spacious walk-in closet. The kitchen is both functional and inviting, offering large upper cabinets, ample counter space, and bar seating, along with a cozy kitchenette for casual meals and a separate dining area ideal for hosting. Ceiling fans are installed in every room, enhancing comfort year-round, and storage is plentiful throughout the home—including heavy-duty built-in shelving in the garage. Recent updates add peace of mind, including a roof and HVAC system replaced in 2016 and a new water heater in 2023. The upgraded glass storm door at the front entry allows you to enjoy fresh air with the option to convert to a screened door. Step outside through French doors with built-in shades to a screened, pavered lanai overlooking a fully fenced backyard with a vinyl privacy fence and gates on both sides—perfect for relaxing, entertaining, or pets. Ideally located near shopping, dining, and major conveniences, this home is also ease of access to the YMCA (offering a pool, gym, and classes) and minutes from St. Leo University. The property is located in a USDA-eligible area, which may allow qualified buyers to explore zero-down financing options (buyer to verify eligibility and loan requirements). A wonderful opportunity to own a move-in-ready home in a growing area with a strong sense of community.
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.
