Life here feels easy and unforced—start your morning on the screened lanai, enjoying the Florida sunrise and fresh air, move through your day with everything close by, and wind down in a home that’s already been thoughtfully improved over time! This Maronda-built home in the Quail Hollow is in a convenient location with quick access to US-1 and SR-100, keeping your every day essentials close, plus you are just a short drive to the beach for those relaxing days on the coast! Inside, the home feels open and comfortable, with vaulted ceilings and architectural archways that define the main living areas while keeping the layout connected and easy to move through. The kitchen features ample cabinetry and an eat-in dinette space that visually connects to the living area, making everyday meals and conversation part of the same shared space. The split-bedroom design gives privacy, with a primary suite that includes a walk-in closet and private bath. Secondary bedrooms provide flexibility for guests, office space, or additional needs depending on lifestyle. Over time, important updates have already been completed, including a 2022 roof and luxury vinyl plank flooring installed throughout in 2026, creating a refreshed, cohesive feel throughout the home. Additional improvements include a 2024 front door and storm door, 2021 water heater, 2016 HVAC system, and 2022 garbage disposal. The screened lanai was rescreened in 2022, extending comfortable living space outdoors perfect for entertaining, or just unwinding after a long day at work. All appliances convey. The home also includes an active termite bond with quarterly preventative service through Royal Palm Pest Control! Schedule your showing today to experience this home in person and start the journey to making it your own!
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.
