A world apart yet remarkably close to everything, Lake Toscana is a Tuscan-inspired, gated conservation community where only 127 fortunate families will ever call home. Offering unmatched privacy, exclusivity, and breathtaking natural surroundings, residents enjoy half-acre to one-acre homesites, each showcasing inspiring views of serene lakes or protected conservation areas. Perfectly positioned on .87 acres of direct lakefront, this exceptional residence embodies timeless elegance and modern sophistication. From the moment you arrive, the circular driveway, custom architectural columns, and fresh exterior paint create a striking first impression of luxury and refinement. Inside, elevated finishes include ceramic tile flooring, updated designer light fixtures, enhanced trim, plantation shutters, and elegant tray ceilings that add depth and character throughout. The thoughtful layout includes a dedicated home office, formal dining room, and a beautifully appointed living area centered around a custom shiplap and stone fireplace. The gourmet kitchen is a showpiece with a double island, stainless steel appliances, custom cabinetry, and a newly updated 2025 backsplash. The primary suite offers a peaceful retreat with tray ceilings, a custom-designed closet system, and private access to the lanai—perfect for enjoying tranquil evening views over the water. Outdoor living is equally impressive with an extended lanai and a brand-new heated pool (2025) surrounded by professionally sealed pavers. This private lakefront oasis is ideal for morning coffee, sunset relaxation, and weekend entertaining. Additional enhancements include a tankless water heater, whole-home reverse osmosis system, concrete septic tank, surround sound, upgraded lighting and trim, and a rare drive-through garage offering enhanced functionality and convenience. Residents of Lake Toscana also enjoy an exceptional amenities package including a covered pavilion with picnic area and playground, an activities field, scenic walking trails, and opportunities for canoeing, kayaking, paddle boating, and fishing in the lake or on the bordering Little Manatee River. With no CDD fees and low monthly HOA, the community blends luxury living with exceptional value. Combining community exclusivity, modern upgrades, and serene waterfront living, this remarkable home offers a truly elevated lifestyle—an opportunity not to be missed.
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.
