Experience elevated luxury in this custom-designed Modern Spanish Mediterranean estate, where timeless architecture and exceptional craftsmanship create a truly distinctive residence. Featuring a classic barrel tile roof, soaring double-volume ceilings, and abundant natural light from its desirable east-facing orientation, this home seamlessly blends sophisticated design with modern functionality. Exquisite details include 8-inch baseboards, extensive custom crown molding, dramatic arched windows, custom wainscoting, rectified marble and travertine flooring, engineered hardwood, and a stunning wrought-iron staircase accented with authentic Spanish riser tiles. The gourmet chef’s kitchen is designed to impress, offering a 36-inch Viking gas cooktop, KitchenAid double convection ovens, granite countertops, custom soft-close cabinetry with pull-out pantry, dual spice racks, wine storage, Kohler prep and main sinks, an integrated wine cooler, pot filler, under-cabinet lighting, an oversized center island, and a custom travertine backsplash. The first-floor primary suite is a private retreat featuring French doors that open to the lanai, an extraordinary 14’ x 14’ custom California walk-in closet with a granite-topped center island, and a spa-inspired bath complete with dual granite vanities, an oversized dual-head walk-in shower, custom travertine finishes, and an expansive custom mirror. Designed for exceptional indoor-outdoor living, the resort-style lanai offers more than 400 square feet of covered entertaining space with tongue-and-groove Cypress ceilings, three ceiling fans, a fully equipped summer kitchen with stainless steel appliances and a 36-inch gas range, and a custom gas fire feature. The PebbleTec pool and gas-heated spa showcase a dual-overflow design, oversized sun shelf, wireless app-based controls, and a premium Super Screen enclosure. The upper level features a spacious loft, laundry room, and three generously sized bedrooms with walk-in closets and custom finishes. One bedroom includes a private ensuite bath, while the remaining two share an oversized Jack-and-Jill bath. Additional highlights include a dedicated executive office and an elegant formal dining room. Meticulously maintained and extensively upgraded, this exceptional residence delivers a rare combination of architectural beauty, refined luxury, and effortless livability—offering an unparalleled lifestyle for the most discerning buyer.
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.
