This contemporary, clean, open, and spacious home delivers the updated Florida lifestyle buyers want, with an interior that feels bright, fresh, and inviting and an outdoor retreat that is just as exquisite. Upgraded fixtures and finishes add a polished look throughout, and the former patio has been enclosed as an ADDITIONAL 1030sqft of air-conditioned space as a Florida room, creating flexible bonus space for lounging, working, a home gym or all three! The improvements are extensive and offer real peace of mind: a METAL ROOF installed in 2019, solar panels added in 2020 to keep the electric bill low (will be paid in full at closing and not a transferred expense to the buyer), a new HVAC system in 2025, newer stainless steel appliances, a pool pump replaced in 2022, and a pool heater installed in 2024. The home is high and dry and NOT in a FLOOD ZONE, and it is equipped with storm shutters on all openings plus an electric shutter on the front door. Outside, enjoy a very private, newly screened lanai designed for entertaining with an outdoor kitchen and island bar including a refrigerator, plus a beautiful pool with a spouting water features. Conveniently located near Veteran’s Parkway and Country Club Blvd, this must-see property combines style, comfort, efficiency, and standout outdoor living.
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.
