Welcome to Life's OASIS home on the water. Over 400k in redesign & renovated inside and out. This 2800+sqft 5/4 has been fully REDESIGNED downstairs, master bedroom with huge bathroom, huge closet and the NEW gourmet chef kitchen(2025). All NEW inside and outside AC UNITS (2025). ALL DOWNSTAIRS FLOORING REPLACED(2025). When you enter your eyes are drawn immediately to the tranquil ocean water. The fun in the sun begins with your custom redesigned deep pool, new extended sun deck step(with umbrella holder) and new PEBBLE TECH surfacing and all new pavers (2021) surrounding the pool. The oversized deck( that dolphins and manatees pass by daily, is perfect for all your relaxation time over the water (sunsets). It fits many friends that will be visiting this house because it's less than 8 minutes' walk BEACH. Then, the Boater's DREAM, not 1 but 2 boat lifts. (10k lbs & 20k lbs) and just 10-15 minutes ride to the GULF by JOHN'S PASS. The lush tropical yard (front & back) has been redesigned(2021) and maintained by current owners to make yard work a breeze. Step back inside to the amazing sunroom with 3 sliding (HURRICAN IMPACT) doors to west and north that allow the beautiful sunlight in year round. Open the north sliding door and 2 NEW hurricane impact windows (2025) year round to the new screened in porch (2022) area for those wonderful Florida breezes. Or keep them closed and watch how efficient your new (2025) NEW AC really is (downstairs unit) and (2025) NEW AC upstairs. Downstairs is 3/2 (1 with a brand new 2023 laundry area) and upstairs is 2/2 ensuites. With 2 MASTERS perfect for visitors' privacy or IL suite (1 up & 1 down) , both masters have fully redesigned bathrooms. The downstairs (expanded 32" doorways) ensuite MASTER bedroom has double bathroom areas, large open shower, walk closet, & your private sliding doors (IMPACT) to the pool. The 2nd MASTER upstairs has a balcony overlooking the water and a fully remodeled bathroom(2022) with a BLUETOOTH speaker vent in the shower & multiple shower heads. This is a must-see by way of the new (2022) beautiful wooden stairs. You will also find another huge ensuite room to the left, a split plan perfect for privacy. Totaling THREE bedrooms with ENSUITE bathrooms. Vacation home for many to visit or large family. The kitchen is chef's Dream with plenty of storage for all your kitchen gadgets and 40" wide walkways(wheelchair spaced). The newly expanded dining room area, located by the kitchen, new sliding pass through window to the screen room, is big enough for your large family table. The family room, open near the kitchen, allows you to cook and enjoy your time with visitors. NEW TILE THROUGHOUT THE DOWNSTAIRS. You will have plenty of parking with the circular driveway (6) and (2) double garage with an extended driveway. Totaling 8! BOOK YOUR viewing TODAY, AT OVER 300K BELOW VALUE IT WILL GO FAST.rex)
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.
