Veteran-owned with an assumable Va loan under 3%, and filled with thoughtful upgrades, this beautifully maintained Palmetto pool home is the kind of place that makes you slow down, take a breath, and picture life here. From the heated saltwater pool to the fenced yard, impact windows, and peaceful pond-and-preserve views, every detail was designed for comfort, beauty, and peace of mind. Imagine morning coffee in the covered screened lanai as the sun rises over the water and evenings spent unwinding in your private backyard oasis. With many upgrades and exceptional value as the best-priced pool home within a 1-mile radius, this home stands out from the moment you arrive. And for qualified buyers, the assumable VA loan with an interest rate under 3% makes this opportunity even more compelling. Inside, you’ll find a spacious and comfortable layout designed for everyday living and easy enjoyment. Outside, the fenced yard offers room to relax, play, and entertain, while the tranquil preserve setting creates a sense of privacy and calm that is hard to find. The covered screened lanai and heated saltwater pool make outdoor living feel like a true extension of the home, perfect for hosting guests or enjoying quiet evenings at your own pace. This home is ideally located near local schools, parks, golf, shopping, and outdoor recreation, making it easy to enjoy the best of the Florida lifestyle. Families will appreciate proximity to well-known schools including Virgil Mills Elementary, Buffalo Creek Middle, and Parrish Community High. Spend afternoons at Buffalo Creek Park, a 42-acre community park with playgrounds, sports fields, basketball courts, and a fitness trail, or explore scenic trails, kayaking, and wildlife at Emerson Point Preserve. Golfers will enjoy nearby Buffalo Creek Golf Course, a public 18-hole championship course, while shopping and dining are conveniently close at Ellenton Premium Outlets and the growing corridor along Moccasin Wallow Road. Whether you’re searching for a primary residence, a seasonal retreat, or a home with standout outdoor living, this property offers comfort, value, and a setting that truly feels special.
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.
