SHORT TERM RENTALS ALLOWED. Tucked away in the quiet, family-friendly neighborhood of Hidden Shores, this beautifully maintained 3-bedroom, 2-bath home offers a rare blend of tranquility and convenience--plus a stunning lakefront setting that makes everyday living feel like a retreat. Step inside to an open and inviting floor plan where the living, dining, and kitchen areas flow seamlessly together. Oversized windows frame views of the lake and its peaceful fountain, filling the space with natural light. The kitchen is both stylish and functional, featuring granite countertops, a sleek glass tile backsplash, a new Frigidaire refrigerator, and a full suite of stainless steel KitchenAid appliances all less than five years old. A wraparound hop-up breakfast bar invites conversation, while a spacious pantry and indoor laundry room add to the home's everyday ease. Enjoy peace of mind with major upgrades already taken care of, including a 2020 roof, impact-rated windows and doors installed in 2022, a whole-home drinking and water filtration system, and a brand-new hot water heater (2025). The primary suite is a true retreat with a large walk-in closet and a beautifully remodeled ensuite bath that includes solid-surface double vanities, a jetted garden tub, and a separate tiled shower (2023). Two additional bedrooms with laminate flooring and a guest bath with quartz countertop ensure comfort for everyone no carpet in sight. Step outside to your private backyard oasis where mature trees offer shade and privacy from neighbors. An expansive patio overlooks tropical landscaping and a picturesque lake with a lighted fountain. Follow your own gated path for direct access to the lake perfect for peaceful walks or simply enjoying the view. Enjoy the best of both worlds: serene surroundings with convenient access to it all. Commuting is a breeze to Hurlburt Field and to NAS Pensacola.
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.
