Open House 10-12 Saturday 12/13! Welcome to this beautifully maintained pool home located in a gated community offering peace of mind, curb appeal, low HOA dues, and an amazing school district. Featuring classic brick and stucco siding and a convenient side-entry garage, this residence blends timeless style with everyday functionality. Step inside to find beautiful architectural and bonus features such as arched doorways, pendant lighting, new carpet in the bedrooms, tile flooring throughout the kitchen and all bathrooms, and thoughtful touches like pocket doors that open to a separate living area—perfect for a media room, or private retreat. French doors separate the office from the rest of the home-convenient for those who work from home. The inviting living room showcases a cozy fireplace, adding warmth and charm to the heart of the home. The kitchen is equipped with appliances just three years old, and gas stove, ensuring a modern cooking experience, while the extra-large walk-in closet in the primary suite provides exceptional storage and comfort. Major systems have been updated as well, including a 2023 water heater and 2023 HVAC system, making this home truly move-in ready. Step outside to your own private oasis: a heated, saltwater pool surrounded by a stamped and stained concrete decking, perfect for year-round enjoyment. The covered patio offers a relaxing space for outdoor dining or lounging, and the yard is enhanced by a reclaimed-water irrigation system to keep landscaping lush and efficient. Additional exterior features include a storage shed, concrete pad behind the fence ideal for extra vehicles or equipment, and fabric-shield hurricane protection for all openings—providing ease of mind during storm season. Combining comfort, updates, and standout amenities, this home delivers the best of Florida living in a secure, well-kept community. See the link for a virtual walkthrough tour! Also listed for rent.
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.
