DREAMING OF OWNING A CONDO AT THE BEACH? THIS AFFORDABLE OPTION IS YOUR CHANCE!! Welcome to your slice of tropical paradise in New Smyrna Beach. From your front door, enjoy the partial ocean views and the tropical surroundings of the community. Step inside to a warm, open-concept layout featuring tile flooring throughout the main living areas and plush carpeting in the bedrooms for added comfort. The kitchen, dining room, and living room are all part of that open layout. The generous primary bedroom is a true retreat, complete with a king-sized bed, jetted soaking tub, separate walk-in shower, dual sinks, walk-in closet, and ample storage. The second bedroom offers a queen-size bed, walk-in closet, and convenient access to the guest bathroom with a tub/shower combination. Step outside to the screened-in porch and enjoy serene views of the Estuary, wildlife, and stunning sunsets to end the day. You can sip your favorite beverage and hear the calming sounds of nature. The first-floor parking garage keeps your vehicle protected and is for owners. It is connected to the building with simple access to the elevator. There is ample open parking for guests in front of the building. Each unit also has a private storage closet on the same floor as the unit. Ocean Walk has exceptional amenities including two large pools, two clubhouses, a fitness center with a sauna, nature trails, tennis courts, bocce ball, shuffleboard, basketball goals, and its own walkway to the no drive beach! You can grab your beach chairs and cross the street to the beautiful sand and waves! The ROOF is brand new 2026, the exterior was restored in 2022, and the HOA is fully funded so you can rest assured your investment is protected. With its prime location, turnkey furnishings, and strong rental potential (you can rent these condos for short or long term) this is a fantastic opportunity for investors. Call today for your appointment!!
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.
