Enjoy an active, resort-inspired lifestyle at 477 Eastern Isle Avenue, located within the premier 55+ community of Del Webb at Cane Bay. This vibrant neighborhood offers easy living and fun for everyone, where the monthly HOA includes gated access, high-speed internet, lawn maintenance, and world-class amenities--including a grand clubhouse, fitness center, indoor and outdoor pools, tennis, pickleball, a full-time lifestyle director, and more.The home itself is a bright retreat with attractive curb appeal, a welcoming front porch, and abundant natural lighting. The split-bedroom floorplan is completely carpet-free, featuring rich wood flooring in the main living areas and durable LVP in the bedrooms and study. At the heart of the home, an open-concept kitchen boasts granite counters,a tiled backsplash, and a breakfast bar with pendant lighting. The dining area is accented by elegant wainscoting and a family room provides expansive views of the backyard. The primary suite serves as a private sanctuary with a tray ceiling and an ensuite bathroom featuring an oversized shower, wide vanity with double sinks, a dedicated cosmetic dressing station, and a large walk-in closet. A secondary bedroom and a flexible study with French doors offer ample space for guests or a home office. Outdoor living is elevated by a screened porch and covered patio, both finished with PebbleTec flooring, overlooking a beautiful lawn and landscaped berm for additional privacy. With updated lighting, a dedicated laundry room with a sink and cabinet storage, and a two-car garage, this home is as functional as it is beautiful. Schedule your showing appointment 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.
