WELCOME TO THIS EXCEPTIONAL LAKEFRONT CORNER CONDO located in sought-after bay and canal-front community, where comfort, value, and resort-style living come together. This residence offers the largest two-bedroom floor plan and is thoughtfully upgraded to provide both everyday enjoyment and long-term peace of mind. MAJOR IMPROVEMENTS translate to lower insurance costs and add security- 2021 impact windows, 2020 HVAC system meticulously maintained, 2019 roof with 3rd nail in roof-to-wall connectors, and 2016 water heater with sensor. Plus, LOW-COST TRANSFERABLE FLOOD INSURANCE and INSURANCE CREDITS for affordable property insurance. These notable improvements make this home a standout choice for full-time residents, seasonal owners, or savvy investors. INSIDE AN OPEN & INVITING LAYOUT is enhanced by an abundance of natural light, porcelain tile floors, crown molding, solid wood cabinetry, custom window treatments, sunshades, upgraded fixtures, and storage galore. The thoughtfully designed floor plan places both large bedrooms and updated baths along a private hallway, offering separation and comfort for owners and guests alike. KITCHEN- The spacious kitchen blends style with functionality, featuring solid wood cabinetry with crown molding and under-cabinet trim, built-in organizational features, generous solid-surface counters, and a convenient breakfast bar perfect for casual dining or for a buffet when entertaining. Additional highlights include deep dual-bowl sinks, closet pantry, tray ceiling, and recessed lighting that creates a bright, welcoming space. DINE & LIVE- The dining and living room combination is filled with wonderful natural light and offers flexible furniture placement for both everyday living and entertaining. LANAI- Wall-to-wall sliders open to the tiled and screened lanai, where you can relax under the fan and take in tranquil lake and wildlife views, complemented by the soothing sound of the fountain. PRIMARY SUITE- Tucked away for privacy, the expansive suite overlooks the lake and features dual closets and a remodeled ensuite bath with dual-sink vanity, solid wood cabinetry, brushed nickel hardware, updated lighting, a private toilet alcove, and a newer tiled shower. SECONDARY BEDROOM located at the front of the condo, offers its own sense of privacy with a walk-in closet, ceiling fan, and an adjacent nicely updated bathroom—ideal for guests or as a flex-space. BEST VALUE- Offered nearly turnkey furnished, this move-in-ready condo allows you to start enjoying the Florida lifestyle immediately. With serene water views, valuable upgrades, low insurance costs & a vibrant waterfront community setting, this lakefront corner unit is truly must-see. Schedule your private showing today and discover the perfect blend of relaxation, security and value. COMMUNITY FEATURES- remodeled clubhouse; banquet room, billiards, ping-pong, library/game room, lakeside veranda; boat docks; heated pool; tennis; pickleball; shuffleboard; bocce ball; spa; sauna; workshop; chip/putting green; walking paths; butterfly garden; bayfront park; kayak launch/storage; bayside pavilion; lakeside gazebo; bird sanctuary; tidal pond; many lakes; spacious grounds of nearly 90 acres teaming with Florida wildlife; activities/socials! Mt Vernon is amenity rich & maintenance free, offering an unparalleled lifestyle & great value. Have it all just minutes by car, boat & bike from Anna Maria Island’s sugar white sandy beaches, unique shops & delicious dining.
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.
