One or more photo(s) has been virtually staged. Set among lush tropical landscaping along the peaceful Coco Plum canal, this two-story home offers the space, layout, and setting that make it ideal for everyday family living. A grand double-door entry opens to a bright foyer with soaring ceilings and natural light, creating a welcoming first impression. The main level is designed for both connection and flexibility, featuring a spacious living room, a formal dining area, and a dedicated office or den that works perfectly for remote work, homework space, or a quiet retreat. The kitchen sits at the heart of the home with granite countertops, stainless steel appliances, abundant cabinetry, and a built-in wine rack. Its central location allows for easy flow into the main living areas and direct access to the outdoor space, making it easy to keep everyone connected. Upstairs, the layout is thoughtfully designed with all bedrooms on one level along with a large loft that can serve as a playroom, media space, or second living area. The primary suite is set apart for privacy and features a spacious bath with dual vanities, a soaking tub, and a separate walk-in shower. Two additional bedrooms share a full bath, offering a functional setup for family or guests. The outdoor space is where this home truly shines. The screened lanai opens to a lagoon-style pool and spa overlooking the canal, creating a safe and enjoyable space for kids to play and for gatherings with family and friends. With direct access to kayaking and fishing from your backyard, there is always something to do just steps from home. Additional features include an oversized garage with ample storage, a dedicated laundry room, whole-house water filtration, solar panels for energy efficiency, and recent system updates. Located in an X flood zone with no HOA or CDD fees, this home offers both comfort and long-term value. Conveniently located near shopping, dining, parks, and highly rated schools, with Gulf beaches just a short drive away, this home combines space, function, and lifestyle in one inviting setting. **THIS PROPERTY QUALIFIES FOR A 1% LENDER INCENTIVE IF USING PREFERRED LENDER. INQUIRE FOR MORE 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.
