Meticulously renovated and extensively upgraded, this exceptional Arthur Rutenberg home is located on what is arguably one of the most private lots in Highland Lakes. Tucked away on a quiet cul de sac with an expansive side yard and private back patio, this home offers both privacy and peace of mind with thoughtful improvements throughout. Major capital upgrades include a brand new clay tile roof completed November 2025 with hurricane third nail tie downs for insurance savings, hurricane impact windows and exterior doors installed in 2019 and 2023, a high efficiency HVAC system with smart thermostat in 2023, and a Rheem 40 gallon hot water heater installed May 2024. The attic was upgraded with additional insulation to R35, treated wood, and a new attic ladder. Indoor air quality was elevated to hospital grade with professionally cleaned, sanitized, rubber lined ductwork and ultraviolet lighting installed in 2023. The kitchen was fully renovated in August 2023 featuring soft close shaker cabinetry and drawers, quartz countertops, textured subway tile backsplash, granite sink, premium fixtures and hardware, custom pull out pantry shelving, a dedicated coffee station, and stainless steel appliances including a GE Profile refrigerator, range, microwave, and 1HP disposal. The custom laundry area was redesigned to match the kitchen finishes and includes large front load machines. Bathrooms have been beautifully renovated with high end finishes including a Whirlpool heated tub, walk in shower with bench and frameless glass, and double sink vanity additions completed in 2019 and 2020. Popcorn ceilings were removed and replaced with a high end knock down finish, interior doors including pocket doors were upgraded to solid core wood with new hardware, and 5.25 inch wood baseboards were added. All interior woodwork, cabinetry, trim, and vanities are solid wood with no MDF used. Interior paint was refreshed in 2023 and again in 2025, while the exterior was painted with Sherwin Williams paint in 2019. Additional upgrades include plantation shutters on most windows, reinforced walls behind drapery hardware for 10 foot ceilings, all new lighting and ceiling fans including Pottery Barn fixtures in the entry and dining room, updated switches, outlets, and GFI protection in kitchens and baths. Outdoor living shines with a replaced lanai cage, paver patios for lounging and grilling, widened paver driveway and walkways, and a step free front entry. Extensive tropical landscaping enhances privacy, supported by a professionally maintained Rain Bird irrigation system with rain sensor. The garage features a HURRICANE IMPACT door with smart opener and coded entry, utility sink, and ADT security readiness. Ring exterior cameras with motion detection and lighting provide added security. This home reflects years of intentional upgrades, quality craftsmanship, and pride of ownership, offering a rare opportunity to own a truly move in ready residence in one of Bradenton’s most desirable communities. HIGHLAND LAKES is a MAINTENANCE-FREE community with LOW HOA fees covering the clubhouse and HEATED COMMUNITY POOL at the entrance, CABLE with streaming networks, INTERNET and IRRIGATION. You'll find beaches like Anna Maria, Cortez, Holmes, and Coquina Beach within a 25 min drive. Iconic IMG academy is located just a few minutes away. Lots of shopping and dining options surrounding within 15 min drive.
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.
