This beautifully designed one-story residence offers an exceptional Marco Island lifestyle, blending space, comfort and seamless indoor-outdoor living. Filled with abundant natural light, the home features a thoughtfully designed floor plan with four bedrooms plus a den, five baths and a two-car garage, all complemented by impact windows and doors for peace of mind. Inside, recessed lighting throughout and wood-look tile flooring create a warm, contemporary feel. The open kitchen is suited for everyday living and entertaining, featuring granite countertops, a tile backsplash, a bar counter with seating, and stainless steel appliances including a dishwasher, range, microwave and refrigerator with icemaker. The kitchen flows effortlessly into the living area, where recessed lighting and a ceiling fan enhance comfort, and glass doors open directly to the lanai. A separate formal dining room provides an elegant space for gatherings and special occasions. The spacious primary suite serves as a private retreat with lanai access, recessed lighting, a ceiling fan, and two walk-in closets. The en-suite bath is well-appointed with dual sink vanities and full-width mirrors, a walk-in shower with glass enclosure, and an enclosed water closet. Guest accommodations are equally impressive, with three generously sized guest bedrooms, each offering a ceiling fan and private en-suite bath. Two guest suites feature walk-in showers with glass enclosures, while the third offers a tub and shower combination. The den, just off the foyer, provides flexibility as a home office, study, or additional sleeping space and includes recessed lighting. Outdoor living is a highlight, with a paver, screened lanai designed for relaxation and entertaining. Enjoy a heated pool and spa on a large outdoor lanai that create a resort-style atmosphere ideal for gatherings or quiet evenings. A well-equipped laundry room includes a top-load washer, front-load dryer, overhead shelving and a utility sink. Notable updates include a pool heater replaced in 2022, a Bosch French door refrigerator added in 2021, and a KitchenAid electric range installed in 2017. Ideally in Marco Island, this home offers convenient access to the island’s beaches, dining and outdoor recreation, making it an outstanding opportunity to enjoy refined coastal living. This property also benefits from an established, active and profitable short-term rental history, offering immediate income potential for investors or owners seeking flexibility.
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.
