Not your typical waterfront home—this one is filled with charm, space, and sunset views that make every day feel like a getaway. Experience the beauty of waterfront living in this spacious two-story house, where character and architectural details set it apart from the ordinary. Perfectly positioned along the Blue Ridge Waterway, this home offers a unique connection to one of North Port’s scenic freshwater canal systems, known for kayaking, canoeing, and fishing—bringing outdoor adventure right to your backyard. This is not a cookie-cutter property—this is a warm, inviting home designed for comfortable everyday living and effortless entertaining. Major updates provide both style and peace of mind, including a standing-seam metal roof installed in 2023—a premium roofing system known for its exceptional durability and superior watertightness, with concealed fasteners that protect against the elements. Paired with hurricane-impact windows and an insulated impact-rated garage door, the home is well-equipped for storm readiness. Inside, the thoughtfully designed layout offers five bedrooms and three full baths, giving you the flexibility and space today’s lifestyle demands. The downstairs bedrooms are ideal for a home office, hobby rooms, or guest accommodations. At the heart of the home is a beautifully renovated eat-in kitchen featuring custom cabinetry, a farmhouse sink, stainless steel appliances, subway-tile backsplash, breakfast bar, quartz countertops, and pantry—perfectly suited for gathering and entertaining. Step outside to your private outdoor retreat, where a heated saltwater pool and screened lanai overlook the water, creating the perfect setting to relax and take in stunning sunset views. The combination of a peaceful waterfront setting and Flood Zone X designation is a rare advantage—allowing you to enjoy the beauty of the water with reduced flood risk and typically lower insurance costs. In addition to the two-car garage, the property offers a large driveway with ample space for boat or RV parking. With no HOA restrictions, you have the freedom to store your recreational vehicles right at home—adding both convenience and value. This is a truly special waterfront home offering space, character, modern updates, and a lifestyle that’s hard to match.
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.
