Step into a thoughtfully designed home where comfort, function, and style come together effortlessly. This beautifully maintained 3-bedroom, 2.5-bath residence with a 2-car garage is located in the vibrant 55+ Medley neighborhood within the highly sought-after Southshore Bay community, offering a lifestyle centered on ease and enjoyment. Inside, the open-concept layout creates a natural flow between the main living areas. A spacious living room with a custom accent wall connects seamlessly to the dining space and a fully updated kitchen that serves as the centerpiece of the home. The kitchen features stainless steel appliances, a striking backsplash, a large island with bar seating, a wall-mounted oven and microwave, separate cooktop with range hood, abundant cabinetry, and a dedicated water purification system at the sink. The primary suite offers a private retreat, complete with a generous walk-in closet and an en-suite bathroom featuring a dual-sink vanity, oversized walk-in shower, and a separate water closet. One secondary bedroom includes its own en-suite bath with a tub/shower combination, while the third bedroom—currently used as an office—features elegant French doors and sits conveniently near a half bathroom. A well-equipped laundry room provides additional cabinetry and counter space for everyday convenience. Outdoor living is just as inviting. The covered and screened lanai functions as an extension of the home, with indoor/outdoor carpeting, ceiling fans, and enclosed windows that can be opened for fresh air or closed for added comfort—ideal for relaxing or entertaining year-round. Additional features throughout the home include a paver driveway, quartz countertops, ceramic tile flooring in a diamond pattern, crown molding, tray ceilings, and a whole-home water softener system. The garage is exceptionally well-appointed, offering ceiling storage racks, an under-stair closet, and a second-story loft storage area—eliminating the need for off-site storage. Residents of Medley enjoy exclusive access to a wide array of resort-style amenities, including a clubhouse, pickleball courts, a resort pool, fitness center, ballroom, billiards room, and an on-site café and bar. In addition, the greater Southshore Bay community features a stunning 5-acre crystal-clear lagoon where residents can kayak, paddleboard, swim, or relax at the swim-up bar. This home offers a low-maintenance lifestyle in a community designed for both relaxation and recreation—where everyday living feels elevated.
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.
