Completely renovated 4-bedroom, 2-bathroom home on a private oversized lot! This beautifully updated residence blends modern comfort with timeless features, offering a warm and welcoming atmosphere from the moment you step inside. A charming wood-burning fireplace anchors the spacious living room, where sliding glass doors open to an extra-large covered lanai with an insulated roof—perfect for year-round outdoor living and entertaining. The open floorplan features a desirable split-bedroom layout, ensuring privacy and convenience for family or guests. The expansive kitchen is a true centerpiece, boasting a gas stove, farmhouse sink, stainless steel appliances, abundant cabinetry for all your kitchen essentials, a roomy closet pantry, and an oversized breakfast bar ideal for casual dining or hosting gatherings. The primary suite offers a relaxing retreat with a generous en suite bathroom complete with a whirlpool tub and a private water closet. Thoughtful updates and quality construction add peace of mind, including new tile flooring (2022), updated piping (2019), and major system replacements in 2016—roof, A/C, gas heater, gas water heater, and appliances. Built on a double-rebar slab with solid poured block construction, the home also features a freshly painted exterior (2025) for a crisp, modern look. Step outside to discover your own private oasis. The oversized lot is surrounded by mature landscaping and a flourishing food forest featuring a fresh garden, fruit trees, grapevines, vegetables, herbs, and much more—ideal for those seeking space, privacy, and a sustainable lifestyle. Located just 6 minutes from Florida’s Turnpike, this home provides quick access to commuting routes while offering the tranquility of a secluded setting. Move-in ready, beautifully updated, and truly one-of-a-kind—this property is a must-see! --> TO VIEW A VIRTUAL TOUR OF THIS PROPERTY VISIT: https://tinyurl.com/3851-Thistlewood-Way
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.
