Natural beauty, ultimate privacy, and country charm define this exceptional 3-bedroom, 2-bath pool home, perfectly situated on more than 5 acres in the peaceful rural community of Arcadia. Surrounded by majestic oak trees draped in Spanish moss, beautifully landscaped grounds, a private pond, and expansive green space, this property offers the ideal setting for those seeking a tranquil lifestyle with room to roam. Bring your horses, livestock, equipment, and recreational toys—this AG-5 zoned property is designed for country living. The acreage allows for agricultural use, livestock, gardens, outbuildings, and recreational vehicles, providing endless possibilities to create the rural lifestyle you've always envisioned. A 26x36 pole barn and an additional storage building with a garage door offer abundant space for equipment, hobbies, and storage. Inside, the home offers over 1,600 square feet of comfortable living space with a bright, open floor plan designed for everyday living and entertaining. The spacious living and dining areas are complemented by a versatile bonus room that can easily serve as a fourth bedroom, home office, den, or flex space. Stylish accent walls, wood-look tile flooring throughout the main living areas, and a stunning stone wood-burning fireplace create warmth and character throughout the home. The beautifully updated kitchen blends style and functionality, featuring stainless steel appliances, white wood cabinetry with modern hardware, granite countertops, a subway tile backsplash, and a farmhouse sink positioned beneath a window overlooking the property. A tray ceiling with statement lighting adds architectural appeal, while the open layout flows seamlessly into the dining area. Sliding glass doors lead directly to the pool lanai, creating the perfect indoor-outdoor living experience. Outdoor living takes center stage with an expansive screened lanai and sparkling pool overlooking the fenced acreage and picturesque surroundings. Whether enjoying your morning coffee, hosting family gatherings, or relaxing poolside at sunset, you'll appreciate the peaceful views and unmatched privacy. The primary suite serves as a private retreat with direct lanai access through sliding glass doors, a walk-in closet, and an updated en-suite bathroom featuring a freestanding dual-sink vanity, decorative tile backsplash, and a shower/tub combination. Two additional guest bedrooms, one currently utilized as a home office, feature built-in closets and share an updated guest bathroom with a dual-sink vanity and walk-in tiled shower. Both bathrooms are finished with durable slate tile flooring, adding rustic elegance and timeless appeal. A convenient laundry area is located in the hall closet for efficient use of space. This well-maintained home also offers valuable updates and features, including a new roof (2023), A/C system (2022), impact-resistant windows, hot water heater (2021), and a water softener system. Conveniently located near local waterways, Gulf beaches, dining, shopping, golf courses, and public parks, outdoor enthusiasts will enjoy easy access to walking and biking trails, picnic areas, and boat ramps leading to the Peace River, Myakka River, Charlotte Harbor, and the Gulf of Mexico. Despite its peaceful, secluded setting, the property offers quick access to Interstate 75 for easy commuting and travel. Experience the perfect blend of privacy, functionality, and Florida country living on this remarkable Arcadia estate.
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.
