Big Water. Big Views. Completely Turnkey on the Manatee River. Tucked at the end of a quiet cul-de-sac in the sought-after waterfront community of Tropical Harbor, this Ellenton stunner delivers some of the widest, most expansive open-water views on the Manatee River. With direct access to both the river and the Intracoastal, it's a rare find for boaters, anglers, and anyone who craves life on the water, and it comes fully furnished and ready to enjoy from day one. Step outside to your private resort-style retreat. A heated pool with a cascading waterfall feature, all wrapped in a screened cage with three-quarters of the screening freshly replaced. The brand-new pool pump and heater (2024) mean year-round enjoyment, while the spacious paver pool deck sets the stage for sunset gatherings over the water. Your private dock is a boater's dream, featuring two lifts, all-new wood decking, and both water and power on-site. The seawall cap, replaced in 2010, remains in mint condition. Inside, no detail has been overlooked. The home has been thoughtfully and extensively updated, including updated PGT impact windows and sliders for peace of mind and energy efficiency. Brand new 3 & 5 ton Trane HVAC systems with all-new ductwork were installed in 2024, and the roof was replaced in 2020. Fresh interior paint (2025) and updated exterior paint (2019) keep the home crisp and move-in ready. The interior shines with elegant plantation shutters throughout the bedrooms, updated stainless steel appliances, and beautifully remodeled spaces, the luxurious primary ensuite bath, the guest bathroom, and the laundry room were all renovated in 2025. Best of all, this home conveys fully furnished and turnkey, right down to a new garage refrigerator. Parking and storage are abundant, with a one-car attached garage plus a two-car carport addition (built 2020) that comfortably fits two SUVs. A brick paver driveway, added in 2020, elevates the curb appeal, while smart improvements like a French drain for added flood protection and insulated crawlspaces give you confidence in every season. From the major-ticket updates to the thoughtful finishing touches, this is a home where the work has already been done, all that's left is to bring your boat(s), your sunscreen, and your sense of adventure. Homes with this combination of premium open-water views, a private dock with direct river and Intracoastal access, extensive modern upgrades, and a coveted cul-de-sac location simply don't come along often. Properties like this in Tropical Harbor are truly one of a kind. Come experience the very best of Manatee River living. Schedule your private showing today before this exceptional opportunity slips away.
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.
