THE ULTIMATE SHOWSTOPPER! Custom luxury and outdoor oasis. Why settle for a basic, cookie cutter builder grade house and wait months for it to be finished? This 5 year young, fully loaded masterpiece is better than a brand new build and packed with thousands in high-dollar custom upgrades you simply cannot find elsewhere. From the moment you pull up to the grand circular driveway-greeted by premium custom stonework, an elegant front porch and a soothing water fountain-it's crystal clear this is the crown jewel of the neighborhood. YOUR PRIVATE BACKYARD RESORT! Step into an entertainer's absolute dream, completely secured within a striking, custom columned fence with detailed stonework. The Crown Jewel, a fully permitted, massive screened-in gazebo-your ticket to the ultimate Florida indoor/outdoor lifestyle with absolutely zero flying pests. Chef's Outdoor Kitchen features gleaming granite countertops, a built-in refrigerator, a stainless sink and a premium gas grill. Bonus Storage Solution, a custom-built shed seamlessly attached to the exterior of the garage gives you all the extra space you need for tools, equipment, or toys. Lush, Free-to-Maintain Lawn, Keep your grass thick and vibrant year-round with a private irrigation well. That means a gorgeous green yard with ZERO water cost! Inside, the home perfectly balances comfort with a smart functional design including two beautiful electric fireplaces. Split-Bedroom Plan for Ultimate Privacy, the luxurious primary suite sits completely separate on one side of the home, creating a quiet retreat away from the two spacious guest bedrooms on the other side. Dedicated Den/Office, positioned perfectly just off the large main living room-ideal for a high-end home office, media room or library. Turn-Key Perfection. Impeccably maintained, beautifully upgraded, and completely move-in ready. Just unpack your bags and start living the dream. Premier Location Commuter-friendly and incredibly convenient. Located just moments from Highway 27, giving you rapid, effortless access to all the shopping, dining, entertainment and daily essentials you need, while still offering a peaceful, private sanctuary to come home to. ATTENTION BUYERS! THIS WILL NOT LAST. A home featuring this level of custom stonework, a permitted outdoor kitchen and zero-cost irrigation is a rare unicorn on the market.
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.
