This beautifully maintained 3-bedroom, 2-bath waterfront home offers the Florida boating lifestyle you’ve been dreaming of in a peaceful neighborhood with no HOA. Relax in the comfort of the family room featuring a stunning floor-to-ceiling custom fireplace with an oak mantel and gas logs—creating a warm and inviting focal point for gatherings or quiet evenings at home. The primary suite includes two walk-in closets and a luxurious en-suite bath with dual sinks, beautiful granite counter-tops, and a spa-like wet room complete with a large soaking tub, rain shower, and gorgeous mosaic tile work. The comfortably sized guest bedrooms each feature walk-in closets and share a timelessly updated bathroom with granite counter-tops. A tankless water heater ensures you will have plenty of hot water available. The well-equipped kitchen blends charm and functionality with a generous farmhouse sink, stylish and versatile soapstone countertops, and natural red birch cabinetry. A convenient closet-style pantry enhances the thoughtful layout of this inviting space. Step outside to enjoy true Southwest Florida living. The property features a concrete seawall and an updated 40’ x 4’ dock with a 7,000-pound boat lift—making it easy to get out on the water. The dock also has electricity available. The screened lanai surrounds a crystal-clear in-ground heated pool and overlooks the serene Markham Waterway, creating a peaceful setting for private relaxation or entertaining family and friends. Fish from your own dock and enjoy quick access to open water with just one bridge and approximately a 20-minute ride to the Myakka River. A sprinkler system helps keep the lawn looking lush and green all season long. The two-car garage provides ample space, and a 50-amp RV outlet adds additional convenience. Major updates include a new HVAC system (2025), ductwork replaced in 2021, and a whole-home generator serviced in January 2026—ensuring comfort and peace of mind. A one-year America's Preferred Home Warranty is included to provide peace of mind as you enjoy this beautiful home. With boating access to open water, tranquil waterfront views, a screened pool, and thoughtful upgrades throughout, this custom-built home truly has it all. Start living your best Florida life today.
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.
