One or more photo(s) has been virtually staged. 2.75% Assumable VA with Roam! Welcome to 602 Napoli Way in Howey-in-the-Hills — a 3-bedroom, 2-bathroom home that delivers space, upgrades, and backyard freedom you simply don’t find every day. Situated on a lot that’s more than double the size of most homes in the area, this property immediately stands apart. If buyers are looking for breathing room, privacy, and usable outdoor space — this is it. Inside, you’ll find luxury vinyl plank and tile flooring throughout — completely carpet-free for a modern, low-maintenance lifestyle. The open layout flows effortlessly, creating a bright and functional living space designed for both everyday comfort and entertaining. The kitchen checks every box with stainless steel appliances, quartz countertops, an upgraded backsplash, and a spacious walk-in pantry. It’s polished, practical, and positioned perfectly to anchor the home. The primary suite is designed as a private retreat, featuring a dual-sink vanity, walk-in shower with upgraded multi-head shower system, private water closet, additional storage closet, and a walk-in closet with custom shelving. It’s thoughtfully designed with both comfort and organization in mind. Step outside and this home truly separates itself. The fully fenced oversized yard offers rare space and privacy. The screened lanai creates a covered outdoor living area, complete with your private hot tub — perfect for year-round relaxation. And the value continues: Solar panels for energy efficiency and long-term savings. Culligan whole-home water treatment system. Two sheds — including one with AC and electricity, ideal for a workshop, home office, gym, or climate-controlled storage. 3 bedrooms. 2 bathrooms. Oversized lot. Major upgrades. Functional flex space. Backyard built for Florida living. Located in charming Howey-in-the-Hills, you’ll enjoy peaceful surroundings, rolling landscapes, nearby lakes and golf — all while staying conveniently close to Clermont, the Turnpike, and Orlando. Schedule your private showing before someone else claims it.
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.
