Nestled in the highly sought-after Highland Pines neighborhood, this charming cottage-style home sits on a spacious ¼-acre lot with no HOA and endless possibilities. Plenty of room to add a pool, expand the existing home, build a guest house, garage, studio apartment, or create your dream backyard oasis. Bring your boat, RV, commercial vehicles, and trailers with no HOA restrictions. Located in a quiet neighborhood with nice neighbors and country-style charm right in the middle of the city, this property offers incredible flexibility and investment potential. This home can function as a single-family residence, duplex-style setup, or income-producing property. The primary suite features its own private entrance and bathroom, creating the opportunity to rent the home as a 2-bedroom/1-bath Nestled in the highly sought-after Highland Pines neighborhood, this charming cottage-style home sits on a spacious ¼-acre lot with no HOA and endless possibilities. Plenty of room to add a pool, expand the existing home, build a guest house, garage, studio apartment, or create your dream backyard oasis. Bring your boat, RV, commercial vehicles, and trailers with no HOA restrictions. Located in a quiet neighborhood with nice neighbors and country-style charm right in the middle of the city, this property offers incredible flexibility and investment potential. This home can function as a single-family residence, duplex-style setup, or income-producing property. The primary suite features its own private entrance and bathroom, creating the opportunity to rent the home as a 2-bedroom/1-bath and separate 1-bedroom/1-bath setup, or as a full 3-bedroom/2-bath home. Lease immediately after purchasing with no rental restrictions, making this an amazing opportunity for investors, Airbnb potential, or multigenerational living. Inside, the home is bright and spacious with a great layout and flow, filled with natural light throughout. Features include tile flooring throughout, vaulted ceilings, shiplap tongue-and-groove wood ceilings with crown molding in the second bedroom, crown molding in the third bedroom, ceiling fans with lighting, and plenty of closet space. The primary suite offers French doors leading to the patio, while the second bedroom also has sliding glass doors to the outdoor space. Washer and dryer are conveniently located inside the home. CBS construction with a 2011 roof adds peace of mind. This property is truly a blank canvas waiting for its new owner to renovate and customize to their own taste and style. Incredible equity appreciation opportunity with neighboring comparable properties within a half-mile selling in the $1M+ range. Perfect for a buyer looking to renovate and flip, expand, or hold as a long-term investment. The fully fenced yard with lush landscaping offers plenty of room for pets, children, gardening, or entertaining. Located right off Northlake Boulevard near Military Trail, this prime location is close to Publix, shopping, restaurants, cafes, hospitals, and major highways, while being only a short drive to the beach, Palm Beach International Airport, and just minutes from PGA National Resort. Situated within an A-rated school district, this property offers location, flexibility, and opportunity all in one.
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.
