One or more photo(s) has been virtually staged, AI generated or rendered. Experience luxury living in this beautifully reimagined "Oakmont" custom pool home situated in the highly desirable Island Walk community in North Naples. This rare 3-bedroom 3-bathroom residence has been masterfully updated to blend of luxury living with modern functionality. The interior showcases meticulous attention to detail, featuring soaring 12-foot ceilings, 8-foot doors and 18 feet of sliding glass doors that flood the space with natural light. The home is accented by new 7 1/4-inch crown molding and baseboards complementing the 8 x 60-inch plank porcelain tile floors in neutral shades of beige, grey, and white. The chef's kitchen has been extended and fully reimagined with white cabinetry including 17 drawers, Amarock stainless steel handles and a stainless steel Zepher hood. Level 4 quartz countertops with tones of gold, grey and beige highlights surround premium appliances including a Kitchen Aid double oven (convection/microwave), an induction second range, a dual-ice capacity French door refrigerator, and a Kitchen Aid 40dbl dishwasher. Designed for effortless entertaining, the living room now includes a new 60-inch bar area. The primary suite is a true retreat, enhanced with two full spa-like bathrooms and a "Ritz Carlton" inspired open closet concept. Both primary baths feature white cabinetry, quartz counters, marble shower floors, 1/2 glass enclosures and a 2nd entry. The spacious second and third bedrooms share a private bathroom updated with grey cabinetry, quartz tops, porcelain tile walls, and stone flooring. A versatile den provides the perfect space for a home office or a quiet reading nook. The exterior is equally impressive featuring a freshly painted facade, new coach and entry lighting. An oversized paver lanai surrounds a custom Nassau pool and water feature, a new salt water system, new timer and LED lighting for evening swimming. Additional highlights include an extended driveway for up to 4 cars, new coastal-toned epoxy garage floors and fully paid-for solar panels. The roof and HVAC system are both 6 years old offering truly maintenance-free living. Island Walk offers endless walking paths, all bridges lead to the wonderful amenities of the town center including several pools, tennis & pickleball, a wonderful onsite restaurant, hair & nail salon, mail service, gas station & car wash. Unlimited functions at clubhouse where there is a club environment without the extra fees & attitude. Note: HOA removing oversized Ficus tree on HOA property. Sod replacement can take place after tree removal.
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.
