ELEVATED WATERFRONT LIVING | POOL | PRIVATE DOCK | NEW ADDITION | MODERN UPDATES Welcome to 410 140th Ave E in the heart of Madeira Beach — a beautifully elevated waterfront residence where modern coastal design meets relaxed Florida living. This light-filled home offers clean architectural lines, fresh contemporary finishes, and tranquil water views that capture the essence of beachside luxury. The exterior welcomes you with a soft coastal palette, tropical landscaping, and elevated construction designed for both curb appeal and peace of mind. Inside, the open and airy layout is enhanced by updated flooring, neutral coastal tones, and an abundance of natural light throughout. The kitchen features crisp white cabinetry, sleek countertops, stainless appliances, and a functional breakfast bar ideal for everyday living or entertaining. Multiple living spaces provide flexibility for guests, a home office, or multigenerational living arrangements. A brand-new addition completed in September significantly expands the home’s functionality, introducing an additional spacious family room, a private bedroom with its own ensuite bath, and a full laundry room — creating an ideal guest suite, in-law quarters, or private retreat. This thoughtful expansion blends seamlessly with the original design while adding valuable square footage and versatility. The primary suite serves as a tranquil escape with soothing coastal hues, generous proportions, and access to outdoor views. The primary bath is beautifully appointed with elegant finishes, a freestanding soaking tub, and designer lighting that creates a spa-like ambiance. Step outside to your private backyard oasis where lush tropical landscaping surrounds a sparkling pool and paver deck overlooking the water. Boating enthusiasts will appreciate the composite dock and jet ski lift, completed in 2023 and capable of housing a pontoon boat. Enjoy direct water access for kayaking, paddleboarding, jet skiing, fishing, or a quick boat ride to the Gulf through Johns Pass Inlet. From your private dock, you can marvel at daily sightings of dolphins, occasional manatees, and breathtaking sunsets. Located just one mile from the famous Johns Pass Village, the home offers easy access to vibrant shopping and dining. This elevated coastal dream truly embodies the ultimate beach lifestyle. Additional upgrades include a new roof, hurricane-impact windows, and sliding glass doors, offering enhanced durability, energy efficiency, and storm protection. A rare opportunity to own a thoughtfully updated waterfront home where every day feels like a vacation.
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.
