Welcome to your private resort-style retreat in the highly sought-after Buxton's Mill neighborhood of Hammock Bay. Perfectly positioned at the end of a quiet cul-de-sac, this stunning 4-bedroom, 3-bath home offers 2,367 square feet of thoughtfully designed living space and an outdoor oasis that is truly second to none. The backyard is the showpiece of this exceptional property, featuring a heated ozone pool complete with a relaxing hot tub, expansive 6-foot sun shelf, and lush tropical landscaping that creates a private paradise right outside your door. The fully fenced backyard provides both beauty and privacy, while mature landscaping enhances the curb appeal in both the front and rear of the property. Inside, luxury finishes are evident throughout. The spacious kitchen features elegant marble countertops, a gas range, abundant cabinetry, and flows seamlessly into the open-concept living area highlighted by engineered hardwood flooring, crown molding, and a cozy gas fireplace. Entertain with ease thanks to the custom wet bar and spacious gathering areas designed for both everyday living and special occasions. The primary suite offers a spa-like retreat with marble countertops and premium finishes, while the additional bedrooms and bathrooms provide ample space for family and guests. Practical upgrades include a tankless water heater, termite bond, sink in both the garage and laundry room, gas stub on the covered back porch ready for a future outdoor summer kitchen, and a polyaspartic garage floor with a lifetime warranty. The oversized 3-car garage also features built-in cabinetry for exceptional storage and organization. Every detail of this home has been carefully selected to create a perfect balance of luxury, comfort, and functionality. From the resort-style pool and extensive upgrades to the premium cul-de-sac location, this is a rare opportunity to own one of Buxton's Mill's most impressive properties. Living in Hammock Bay means embracing an unmatched Florida lifestyle. Residents enjoy access to multiple resort-style pools, state-of-the-art fitness centers, tennis courts, pickleball courts, basketball courts, miles of walking and biking trails, dog parks, playgrounds, sports fields, and beautifully maintained green spaces. The community also offers a general store, brewery, event lawn, community clubhouse, and year-round activities that bring neighbors together. Whether you're enjoying a morning walk through scenic nature trails, spending afternoons by one of the community pools, playing a match of pickleball with friends, or attending one of Hammock Bay's many social events, life here feels like a year-round vacation. Conveniently located near the white-sand beaches of the Emerald Coast, top-rated schools, shopping, dining, and boating opportunities, Hammock Bay offers the perfect combination of luxury living, outdoor recreation, and small-town community charm. This is more than just a home--it's a 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.
