Spacious beautiful 3 bedrooms / 2 baths home (2260 Sq/Ft) offering rare privacy with no rear neighbors, situated on a premium street in a premium community. This property features elegant porcelain tile flooring, plantation shutters, and multiple skylights that fill the home with natural light. The open floor plan includes formal living and dining areas, perfect for gatherings. The Florida room is finished with ceramic tile, providing an inviting space to relax year-round. The spacious master bedroom includes a generous walk-in closet, and the master bathroom is equipped with a safe-step walk-in tub for added comfort and convenience as well as a separate large shower. An extended 25x25 garage with pull-down attic stairs offers excellent storage and workspace. The exterior is beautifully landscaped with flowering plants and shrubs, enhancing the home’s curb appeal. Enjoy the expansive screened-in lanai overlooking a serene, private backyard—an ideal setting for entertaining or unwinding. With just a few finishing touches, this beautiful home in a secluded neighborhood is ready to shine, complete with a thriving garden space. New roof installed in 2022. Home includes a water softener and new stainless-steel appliances, featuring an induction range and a second refrigerator in the garage. A brand-new on-demand gas water heater—valued at $2,000 and ready for installation—is also included in the sale. Enjoy an active, vibrant retirement with endless amenities at your fingertips in this financially sound community designed for those who want to stay engaged, energized, and connected. This community offers an impressive array of amenities designed for an active, social, and engaging lifestyle. Residents enjoy a multi-use arena, indoor and outdoor pools, tennis and pickleball courts, shuffleboard, bocce, horseshoes, walking trails and a full calendar of clubs and social activities. Convenience is built in, with medical offices located near the community entrance and everyday shopping just about a mile away. Free RV and boat storage is an added bonus. The beautiful clubhouse features a well-appointed library, billiard room, craft room, card rooms, a fitness center, and a large arena complete with a walking track. The arena hosts numerous events throughout the year, including dinners, concerts, and community gatherings. Whether you prefer indoor or outdoor recreation, you’ll find plenty to enjoy—swimming, indoor and outdoor pickleball, tennis, horseshoes, shuffleboard, bocce, and even softball. A fully equipped craftsman shop is also available for hobbyists and DIY enthusiasts.
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.
