Welcome to 4818 Cabreo Court, a stunning Palazzio model in the coveted Esplanade Golf & Country Club. Perfectly positioned with sweeping pond and golf course views of the 8th hole, this home offers the ultimate Florida lifestyle with breathtaking sunsets, a panoramic screened lanai, remote-control lighting, and a resort-style heated pool. Professionally designed landscaping and reclaimed irrigation ensure year-round beauty. Inside, the Ethan Allen–designed interior showcases refined elegance with an open floor plan anchored by a gourmet kitchen featuring upgraded pantry shelving, dovetail cabinetry, a massive island, quartz counters, gas range, convection oven, coffee bar, and designer lighting. Tray ceilings, surround sound, and fresh paint enhance the living spaces. The primary suite boasts custom closets and a spa-like bath with an expansive walk-in shower featuring dual shower heads. Two guest suites—one ensuite—plus a large office and crown molding throughout add both comfort and style. The backyard oasis features an outdoor kitchen with fireplace, granite counters, and pocket sliders blending indoor and outdoor living. The newly refinished pool, sun shades, and hurricane-rated Kevlar protection provide peace of mind. Additional highlights include a spacious laundry with sink and quartz counters, and an oversized 2-car garage with epoxy floors and attic storage. As part of Esplanade Golf & Country Club, residents enjoy championship golf, resort pools, a wellness center, tennis, pickleball, fine dining, and vibrant social activities—all within a gated community in the heart of Lakewood Ranch. This exceptional property combines timeless design with modern luxury, creating the perfect retreat where every day feels like a vacation.
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.
