Experience the coastal lifestyle in this exquisitely upgraded waterfront residence, ideally positioned within the highly sought-after Harbor Isles community. Offering direct Gulf access with no bridges, this exceptional property is a boater’s dream -navigation from your private dock to open waters in just minutes. Currently configured as a spacious 3-bedroom, 3-bath home, this residence offers the flexibility to easily function as a 4-bedroom layout, making it ideal for hosting guests or maximizing investment potential. From the moment you enter, you’re greeted by an abundance of natural light and sweeping, unobstructed views of Millers Bayou. This home is far removed from typical canal homes. Here, you’ll enjoy expansive, tranquil waterfront vistas that create a sense of privacy and serenity rarely found. The interior showcases refined finishes throughout, including wood-look tile flooring and a designer kitchen featuring stone countertops, stainless steel appliances, a marble backsplash, and an oversized island with bar seating—perfect for both everyday living and entertaining. The open-concept design seamlessly connects the kitchen, dining, and living areas, all thoughtfully oriented to capture breathtaking water and sunset views. A striking beam-accented ceiling adds architectural character to the main living space. A stunning bonus room lined with wall-to-wall windows is currently utilized as a luxurious primary suite, offering a front-row seat to peaceful sunrises over the water. Two additional bedrooms feature private en-suite baths, a rare and desirable feature that enhances both comfort and functionality. Step outside to your private resort-style oasis, where a beautifully designed paver patio, tiki hut, and firepit area overlook the sparkling pool and scenic bayou. Whether enjoying morning coffee as boats drift by or unwinding with vibrant Gulf Coast sunsets, this outdoor space is designed to impress and inspire. Additional highlights include a newer roof, AC system, tankless water heater, updated electrical panel, and plumbing as well as an indoor laundry area for added convenience. Your private dock with built-in bench seating invites fishing, boating, or simply relaxing by the water. From here, cruise effortlessly to the Gulf or explore nearby destinations like Anclote Island, known for its pristine beaches and turquoise waters. Waterfront dining is just minutes away by boat or golf cart with popular destinations such as Hooters, Whiskey Joe’s, and Catches all within easy reach. Harbor Isles is a charming, golf cart-friendly waterfront community featuring a picturesque park with fountain, walking paths, and green space just across the street. Conveniently located near shopping, dining, entertainment, and major routes for access to the greater Tampa Bay area, this home offers both luxury and lifestyle. Whether you’re seeking a full-time residence, vacation retreat, or income-producing property, this remarkable waterfront home delivers the very best of Florida living with endless possibilities.
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.
