Estate-style riverfront home on 3.28 acres in Buckingham with over 500 feet of frontage on the Orange River and a 3 year old 1,500± sq ft dock. The elevated A-frame residence offers 3,668 sq ft of living area, built on a poured concrete foundation with concrete pilings and steel framing for exceptional durability. Foam insulation under the stucco and three zoned central A/C systems (including one dedicated to the primary suite) help keep the home comfortable and energy-efficient. Whole home Reverse osmosis with 500 gallon tank just installed comes with a 5 year warranty. The main level features an 8x8 mudroom, a full guest bath with large walk-in shower, and an infrared 3-person EMF sauna. The great room showcases a soaring 26-foot ceiling, matching 26-foot river-stone fireplace, and a dramatic Brazilian marble slab accenting one of the structural A-frame beams. The kitchen offers approximately 24 feet of counter space, two lazy Susans, a clay farm sink, cooktop, double convection oven with steam and Wi-Fi probe functions, and a 4x8 walk-in pantry. Recently installed impact-resistant sliding doors provide natural light and added storm protection, a valuable feature in Florida’s hurricane-prone climate.A separate downstairs living area functions as a game room with wet bar and French doors to the wraparound deck. Upstairs are two generous guest bedrooms with Jack-and-Jill bath, attic access for extra storage, and a loft with built-in desk and private deck overlooking the property. The primary suite offers tongue-and-groove ceilings, a 22-foot closet, and a spa-like bath with oversized walk-in shower, seamless glass, dual sinks, and quartz counters.Multiple outbuildings create unmatched flexibility: two main garages (one with workshop, loft, and steel framing), a middle building with roughly 1,000 sq ft of insulated space with drop-in A/C and half bath ideal for a home business or flex use, plus a rear building with built-in shelving, lean-to storage, and back deck. This one-of-a-kind property combines acreage, waterfront, and extensive storage/workspace—perfect for those seeking an estate home, hobby compound, or live/work setup.
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.
