Pride of ownership shines in this METICULOUSLY MAINTAINED, truly low-maintenance 3-bedroom, 2.5-bath home! From the moment you step inside, you’re greeted by a stunning chef’s kitchen, custom-designed staircase, and beautiful Bamboo water resistant hardwood floors accented by oversized 8" baseboards that run throughout the home. The spacious living room features elegant built-ins and large windows that flood the space with natural light. The primary suite is conveniently located on the first floor, offering a custom walk-in closet and a newly remodeled, spa-like shower. Upstairs, you’ll find two additional bedrooms plus an office/flex room—easily a 4th bedroom if desired. A generous loft overlooks the grand living, dining, and kitchen areas, creating an impressive open-concept feel. Step outside to your own private paradise! You’re first welcomed by a charming screened-in patio, complete with sliding doors that lead directly to the primary bedroom—ideal for morning coffee or evening relaxation. Just beyond the patio awaits a luxury outdoor kitchen and grill, boasting over $40,000 in high-end upgrades. It’s the perfect setting for hosting friends, entertaining family, or savoring a peaceful Florida evening with your favorite book. The office closet has been transformed into a temperature-controlled, fingerprint-access wine cellar that will impress any enthusiast—but can easily be converted back to a traditional closet if preferred. The roof is 5 years old and AC is 9 years old. Love the home but hate yard work? This is the place for you! The HOA covers all landscaping, interior & exterior pest control, irrigation system repairs, and even repaints the exterior of the home every 7 years. Just pack your bags, toss that bulky lawnmower, and enjoy true maintenance-free living. This exceptional home is ready to be the next chapter in your story—don’t miss your chance to make it yours!
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.
