Resort-style living, tiki bars, live music—and the Good life waiting right at home. Welcome to this island-inspired dream home located in the Premier Latitude Margaritaville 55+ community, where every day feels like a vacation! Impeccably maintained and a rare 3 bedroom **Parrot model** offers 3 bedrooms and 2 full baths, blending comfort, style, and light-filled open living. The thoughtfully designed floor plan includes a spacious living area, a separate formal dining room for entertaining, and a relaxing **screened-in lanai** that captures peaceful water and palm tree views. The gourmet kitchen is a showstopper, featuring a large island, breakfast nook, upgraded cabinetry, **quartz countertops**, pull-out drawers, and a custom built-in beverage fridge—perfect for keeping your favorite refreshments chilled. Best of all, this is true low-maintenance living—no grass cutting or landscaping required, so you can focus on enjoying life. The serene Primary suite overlooks the pond and includes **dual walk-in closets** and a spa-like ensuite with an oversized walk-in shower, double vanities, and a private water closet. Two additional bedrooms provide flexible space for guests, hobbies, or a home office. Step outside to the **extended screened-in lanai**, your private oasis designed for outdoor living and entertaining. With a TV hookup and ample room for lounging, dining, and relaxing, this is where you’ll truly live your best lanai life. The oversized lot even offers room to add a pool, should you wish. The **two-car garage** features durable epoxy flooring and plenty of space for your car, golf cart, and bikes. But this home is only part of the experience—you’re also joining one of the most sought-after active adult communities in Florida. **Latitude Margaritaville**, a Jimmy Buffett-inspired paradise, offers an award-winning lifestyle with endless amenities and activities, including: * Private Beach Club with pool and shuttle service—no parking hassles * Resort-style pools with cabanas, live music, and daily activities * Town Center featuring a restaurant & bar, outdoor tiki bar, theater, and event spaces * State-of-the-art fitness center, spa, indoor lap pool, and hot tub * Tennis, pickleball, bocce courts, sports fields, and four heated pools * Barkaritaville dog park, woodshop, clay studio, arts & crafts, and social clubs Enjoy golf-cart access to nearby groceries, salons, banking, and more, with easy access to **I-95**, Tanger Outlets, Daytona Speedway, LPGA Championship golf, and all that the Daytona and Ormond Beach area has. This isn’t just a home—it’s a lifestyle where the vibes are laid-back, the calendar is full, and every day feels like a celebration. *Information is deemed reliable but not guaranteed. Buyer to verify all information, including HOA details.*
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.
