Come see this beautifully maintained Laurel II model in sought-after Covered Bridge Estates, proudly offered by its original owners. Perfectly positioned to capture peaceful pond and nature preserve views, this 3-bedroom, 2-bath home offers 1,844 square feet of comfortable living space designed for both everyday enjoyment and effortless entertaining. At the heart of the home, the spacious kitchen offers generous workspace, attractive finishes, and an efficient galley design that keeps everything within easy reach. The adjoining breakfast area overlooks the tranquil backyard and provides the perfect spot to start your day with a cup of coffee while enjoying the peaceful setting. The primary suite is a relaxing retreat featuring abundant natural light, a large walk-in closet, and a spacious en-suite bath with dual vanities, a garden tub, walk-in shower, and private water closet. Two additional bedrooms and a full bath create privacy and flexibility for family, guests, or a home office. The real highlight is the lanai overlooking the pond and nature preserve. Whether you're enjoying your morning coffee, entertaining friends, or unwinding after a long day, the serene water views and natural surroundings create a backdrop you'll appreciate year-round. Practical updates add value and peace of mind, including a NEW ROOF (2024), hurricane shutters, added recessed lighting, mature landscaping with irrigation, extensive storage throughout, and additional attic insulation designed to help improve energy efficiency and keep utility costs in check. Life in Covered Bridge Estates is about more than just the home. Residents enjoy a clubhouse, resort-style pool, fitness center, tennis and basketball courts, playground, scenic walking paths, community events, weekly food trucks, low HOA fees, no CDD fees, and even RV parking availability. Conveniently located just minutes from Publix, Detwiler's Farm Market, restaurants, Ellenton Premium Outlets, I-75, parks, and nature preserves, you'll also enjoy easy access to Sarasota, St. Petersburg, Tampa, Sarasota-Bradenton International Airport, and Florida's world-famous Gulf Coast beaches. VA assumable loan may be available. If you've been searching for a home that offers peaceful water views, practical updates, a desirable split-bedroom floor plan, and an active community lifestyle, this home deserves a place at the top of your list.
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.
