Do not miss your opportunity to own a perfect family home in the heart of Delray Beach. This beautiful two-story residence features four bedrooms and two and a half bathrooms. It sits on a premier corner lot directly across from the community pool, offering expansive views of the common areas from one of the most desirable settings in the neighborhood. The home is move-in ready with all impact windows and doors (2023) and a new roof (2022). A huge, spacious backyard with room for a pool creates the perfect setting for outdoor living to maximize your Floridian lifestyle. Located in Windy Creek, a quiet, safe, and family-oriented community, centrally located off Atlantic Avenue, just three miles from the beach and minutes from downtown Delray. Make this your family's next home! Property Highlights - Single-family detached home located in the heart of Delray Beach - Built in 1995 with a well-designed two-story layout - Soaring ceilings upon entry, creating an open, bright, and welcoming first impression - Approx. 2,205 sq ft of living space ideal for family living and entertaining - Brand new garage door 2026 - 4 bedrooms and 2.5 bathrooms, offering flexibility for home offices or guests - Prime corner lot of approx. 8,029 sq ft with added privacy and curb appeal - Closest lot to the brand-new community pool, just steps away - Access to new pickleball courts, basketball court, and playground - New roof (2022) - All impact windows and doors (2023) for storm protection, energy efficiency, and insurance benefits - Large backyard with room for a pool and outdoor entertaining - Quiet, family-friendly neighborhood with strong community feel - Centrally located near Atlantic Avenue, downtown Delray Beach, shopping, dining, and beaches
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.
