Stunning Custom Lakefront Cardel Estate. Discover refined lakefront living in this exceptional custom Cardel home, quietly nestled at the end of a serene cul-de-sac in the sought-after Waterset community. Positioned on an oversized approximately 70-foot homesite with approximately 144 feet of unobstructed lake frontage, this residence offers an exceptional sense of privacy, elegance, and natural beauty. Step inside to a grand foyer with soaring 12-foot ceilings and detailed crown molding, setting a welcoming tone of sophistication. Natural light pours through double-stacked windows, illuminating the open living spaces. The gourmet kitchen serves as the heart of the home, featuring premium double-stacked cabinetry, Cambria quartz countertops, a gas cooktop, stacked oven and microwave, a butler’s pantry, and a custom walk-in pantry—perfect for both everyday living and entertaining. The primary suite is a tranquil retreat with serene lake views and cascading pool features. The spa-inspired bath includes an oversized shower with dual shower heads and rain feature, dual vanities, and a custom storage bench. Two spacious walk-in closets, one with a custom organization system, provide ample storage. A secondary primary suite offers a private haven for guests or multigenerational living, complete with a walk-in closet and an ensuite bath with upgraded cabinetry and Cambria countertops. A generous bonus room with lake views is paired with an additional bedroom and full pool bath, ideal for flexible living arrangements. French doors enhance privacy while maintaining flow throughout the home. An upgraded laundry room includes a deep sink and 40-inch cabinetry. A beautifully enclosed flex space with French doors offers versatile use as a home office, reading lounge, fitness room, or creative studio. Outdoor living shines in the expansive screened lanai with travertine decking, known for its refined texture and cool-to-the-touch comfort. Customizable Trim lights enhance evening ambiance, while the pool features a bubbling spa, built-in bench seating, and waterfall accents. A gas line is in place for a future outdoor kitchen, complemented by a new 2025 gas pool heater for year-round enjoyment. The fully fenced backyard adds privacy and peace of mind. Hurricane-grade upgrades include Category 5 motorized roll-down shutters enclosing the covered patio, Category 5 hurricane-rated windows in the dining and bonus rooms, and Crimsafe Category 5 security screens on select windows. Additional enhancements include a newly epoxy-coated garage floor with storage racks, upgraded 18 and 14 SEER air handlers, an on-demand hot water system, and a whole-home water softener. Located in vibrant Waterset, residents enjoy resort-style amenities including pools, fitness centers, walking and biking trails, parks, sports courts, and year-round community events—all in beautiful Apollo Beach, minutes from Tampa.
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.
