Short Sale. Welcome to this beautifully appointed 2022-built home in the sought-after community of Apollo Beach, Florida! Offering 4 bedrooms, 3 full bathrooms, and a spacious 3-car attached garage, this thoughtfully designed residence combines modern finishes with exceptional indoor and outdoor living. Step inside to an open-concept floor plan featuring tile flooring throughout the main living areas and plush carpeting in all bedrooms, creating the perfect balance of style and comfort. The chef-inspired kitchen boasts abundant cabinetry, sleek countertops, stainless steel appliances, a gas cooktop, and ample workspace, making it ideal for everyday living and entertaining alike. The expansive living and dining areas seamlessly connect to the outdoors through large sliding glass doors, leading to an impressive 31' x 17' screened-in lanai. Here you'll enjoy a heated saltwater pool with an attached spa, all overlooking a peaceful pond that provides the perfect backdrop for relaxing, entertaining guests, or enjoying Florida's beautiful sunsets. The spacious primary suite offers a private retreat with an ensuite bath and generous closet space, while the additional bedrooms and bathrooms provide flexibility for family, guests, or a home office. Built in 2022, this home offers the peace of mind and energy efficiency of newer construction while showcasing today's most desirable finishes and design. Whether you're looking for a full-time residence or a seasonal escape, this home delivers the Florida lifestyle you've been dreaming of with modern amenities, beautiful water views, and outstanding indoor-outdoor living. Short Sale: This property is being sold as a short sale, and all offers are subject to lender approval. Please allow additional time for the lender's approval process. Don't miss this exceptional opportunity to own a newer pool home with serene pond views in one of Apollo Beach's most desirable communities. Schedule your private showing today!
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.
