Nestled on an oversized high-dune corner lot in the highly sought-after Seabridge community, this extraordinary coastal retreat offers the perfect blend of luxury, comfort, and peace of mind. Ideally positioned almost exactly between the sparkling Atlantic Ocean and the tranquil Intracoastal Waterway on the barrier island of Ormond By The Sea, residents enjoy beach access to the pristine no-drive beach as well as access to Seabridge Park, featuring a fishing pier and kayak launch for endless outdoor enjoyment. From the moment you arrive, you'll appreciate the extensive upgrades completed with exceptional attention to detail. In 2022, the home received a brand-new roof, complete HVAC system, impact-resistant windows throughout, impact-resistant garage doors with battery backups and 360-degree cameras, a custom impact-resistant front door, new tile flooring throughout, an interior laundry room addition, and a stunning kitchen remodel featuring high-end KitchenAid appliances, custom quartz countertops, custom cabinetry, a butcher block island, and an open walk-in pantry designed for both functionality and entertaining. Additional enhancements included the removal of popcorn ceilings, installation of elegant crown and base molding, new shaker-style interior doors, plantation-style closet doors, new gutters and downspouts, and a 6-foot vinyl privacy fence with double gate access. The upgrades continued in 2023 with custom 4-inch plantation shutters throughout and fresh exterior paint, while the secondary bathroom was completely remodeled in 2024. In 2025, the primary bathroom was transformed into a spa-inspired sanctuary featuring luxurious Carrera marble, frameless glass shower doors, and upscale gold finishes. The thoughtful renovations create a seamless flow throughout the home, blending timeless design with modern convenience. Whether you're looking for a full-time residence, a coastal getaway, or the perfect place to enjoy retirement, this home offers something for everyone. Enjoy morning walks on the beach, sunset strolls along the Intracoastal, and the serenity of one of Florida's most desirable seaside communities. Opportunities like this rarely come along. With virtually every major upgrade already completed and an unbeatable location between the ocean and river, this move-in-ready coastal masterpiece is ready to welcome its next owners. Schedule your private showing today and experience the best of beachside living before someone else calls it home. The listing agent has an ownership interest in the property.
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.
