Welcome to your private oasis! Escape the ordinary with this stunning 4-bedroom, 3-bathroom retreat, perfectly situated on almost 2.5 acres of gorgeous, oak-studded land. With over 2,700 square feet of living space, this home offers the perfect blend of country serenity and modern convenience.Step inside to find a spacious dining and living room combo, highlighted by a cozy wood-burning fireplace and elegant, wood tile flooring. The beautifully updated kitchen features gleaming quartz countertops, a stylish backsplash, and premium stainless steel appliances. A rare find, this layout boasts two primary en-suites, making it ideal for multi-generational living or hosting overnight guests. Master has a stunning garden tub shower combo that sets the mood everyday! Enjoy complete peace of mind with major recent upgrades within the past 5 years, including newer roof, HVAC system and double-pane insulated windows.Outside, the fully fenced property welcomes you with a secure electric gate opener and a cozy front porch perfect for your morning coffee. The sprawling grounds are designed for outdoor living. Gather friends around the firepit under the oak trees, cast a line from your private fishing dock on the pond, or bring your projects to life in the impressive 20x40 shop equipped with electricity. Best of all, there is no HOA! You get to enjoy total privacy while remaining incredibly close to everything you need. You are just a short drive from vibrant downtown shopping and dining, top-tier hospitals, beautiful beaches, and the magic of Disney. Complete with a dedicated inside laundry room, this move-in ready estate truly has it all. Don't miss your chance to own this remarkable property—schedule your private tour today!
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.
