** ASSUMABLE VA LOAN @2.25%, FOR VA QUALIFIED BUYER** WELCOME TO YOUR PRIVATE PARADISE IN GATED FISHHAWK TRAILS. Tucked beneath a canopy of mature trees on a half-acre homesite, this exceptional executive residence is designed to impress at every turn—offering a rare combination of a triple-split bedroom floor plan, dedicated office, spacious bonus room, and an outdoor retreat straight from the pages of a luxury magazine. Step outside and prepare to be captivated. A 2,200-square-foot lanai unfolds into a true resort-style escape—featuring a sparkling pool, jetted spa, gas firepit, rock waterfall, charming wooden footbridge, and a tranquil koi pond surrounded by lush, tropical landscaping. The expansive travertine deck offers both screened and covered spaces, creating the perfect setting for year-round relaxation and unforgettable entertaining. Inside, the home seamlessly blends indoor and outdoor living. Quadruple pocketing sliders in the family room, along with multiple sets of double sliders from the living room, kitchen, primary suite, and bonus room, invite the outdoors in—transforming the entire home into an entertainer’s dream. The thoughtfully designed layout includes a versatile 300+ square-foot bonus room with dual closets, ideal as a 5th bedroom, private guest or in-law suite, or the ultimate media, fitness, or game room—with convenient access to a full pool bath. At the front of the home, a French-door office sits just off a grand foyer, flanked by elegant formal living and dining spaces. The heart of the home is the chef’s kitchen, beautifully appointed with granite countertops, rich wood cabinetry, tile accents, and top-of-the-line Viking stainless appliances, including double built-in ovens and a gas cooktop—flowing effortlessly into the warm and inviting family room with fireplace. Privately tucked away, the primary suite offers a serene retreat with its own sliders to the lanai, spacious walk-in closets, and a spa-like en-suite bath featuring dual vanities and a walk-in shower. Adding even more peace of mind, this home has been thoughtfully updated and meticulously maintained, including a roof replacement in 2018, water heater (2020), and extensive pool upgrades: pool pump and heater replaced in 2021, pool lights and control panel updated in 2023. Interior improvements include bathroom flooring refreshed in 2023 and a new shower in the pool bath (2023). Additional features include crown molding, wainscoting, custom window treatments, an on-demand water heater, and a well-fed irrigation system. A side-entry 3-car garage with extended parking completes the package. All of this is located within the highly sought-after FishHawk Trails community, offering 24-hour security and access to top-rated schools, parks, trails, recreation, shopping, and vibrant community life.
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.
