LIVE THE ULTIMATE EQUESTRIAN LIFESTYLE ON A PRIVATE 5.6-ACRE ESTATE IN PRAIRIE CREEK WEST. Tucked away in one of Punta Gorda’s most sought-after acreage communities, this exceptional property offers the perfect balance of SPACE, FUNCTIONALITY, AND SERENE COUNTRY LIVING—just a short drive from everything you need. Set on 5.6 FULLY FENCED ACRES, this property is designed for those who crave room to roam, whether for horses, hobbies, or simply enjoying wide-open Florida land. The main residence features 3 BEDROOMS, 2 BATHROOMS, and a thoughtfully designed layout with an open, inviting feel—ideal for both everyday living and entertaining. Natural light fills the home, while the seamless indoor-outdoor flow leads you to your own private retreat. Step outside to enjoy a SPARKLING POOL AND EXPANSIVE COVERED LANAI, creating the perfect space for relaxing afternoons, hosting gatherings, or soaking in the peaceful surroundings. For equestrian enthusiasts, this property truly stands out. A WELL-DESIGNED 2-STALL HORSE BARN serves as a multi-functional space, complete with a TACK ROOM, a PRIVATE 1 BEDROOM, 1 BATH GUEST QUARTERS, and a 13x13 WORKSHOP—offering incredible flexibility for both lifestyle and utility. Whether you're housing horses, hosting guests, creating a private retreat, or tackling projects, this thoughtfully designed structure does it all. The surrounding acreage provides ample space for grazing, riding, and enjoying the outdoors, while the area itself is known for its scenic trails and natural beauty—making it an ideal setting for horseback riding and peaceful country living. Located in the highly desirable Prairie Creek West community, you’ll enjoy the peace and privacy of country living while still being within easy reach of downtown Punta Gorda, shopping, dining, golf courses, and Gulf Coast beaches. This is a RARE OPPORTUNITY to own a truly special property where lifestyle, land, and location come together. Whether you’re bringing your horses, your toys, or simply your vision of a quieter way of life—this property is ready to deliver.
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.
