Rare Courtyard Palmwood Cabana Home—Every Room Pool View Step through the double doors of this original Palmwood Cabana courtyard home and discover a truly private retreat. This pristine 3-bedroom, 3-bath, 2-car garage residence has been thoughtfully updated and meticulously maintained, offering effortless Florida living at its finest. At the heart of the home is your own saltwater pool and spa, creating a resort-style oasis for sun-filled days and relaxing evenings. A large covered courtyard lanai is ideal for entertaining, family gatherings, or unwinding under the Florida sky. Every room enjoys views of the courtyard and pool, delivering seamless indoor-outdoor living and added peace of mind. When you want a more secluded setting, a rear screened lanai provides an equally inviting space to relax. Pocket glass doors open the home fully to the outdoors, allowing natural light and fresh air to flow throughout and making everyday living feel like a vacation. Inside, you’ll find hardwood floors, tile throughout, and a beautifully updated kitchen featuring stone countertops, stainless steel appliances, abundant cabinetry, generous storage, and decorative plant shelves. This home is as functional as it is beautiful, offering hard-wired security, a newer roof, newer A/C, and newer water heater. The custom primary closet is a standout—designed for the avid shopper with an appreciation for fine designer attire. The primary bath features a walk-in shower and garden tub, while the laundry room and guest bath have been upgraded with thoughtful touches, including frost-free mirrors. Additional highlights include a private irrigation well, eliminating lawn-watering concerns and added expense. Located within a gated community, residents enjoy privacy and security along with amenities including tennis, pickleball, a community pool, clubhouse, and new basketball courts currently being built. This is a true designer home—move-in ready and built for enjoying the Florida lifestyle. Bring the family, unpack, and start living the Florida Lifestyle!
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.
