Priced below appraisal (available upon request), this exceptional custom Cardel residence offers a rare opportunity to experience refined waterfront living, privately positioned at the end of a quiet cul-de-sac. At the heart of the home, the gourmet kitchen is both striking and functional, appointed with double-stacked cabinetry, Cambria quartz countertops, a gas cooktop, stacked oven and microwave, a butler’s pantry, and a custom walk-in pantry—designed for seamless hosting and everyday luxury. A grand foyer with soaring 12-foot ceilings and crown molding introduces the home with understated elegance. Double-stacked windows flood the interiors with natural light, enhancing the scale and openness of the living spaces—equally suited for intimate living and entertaining. The primary suite serves as a private sanctuary, where serene water views and the gentle sound of cascading water features create a true retreat. The spa-inspired bath offers an oversized walk-in shower with dual shower heads and rain feature, dual vanities, and a custom storage bench. Two generous walk-in closets—one enhanced with a custom organization system—provide exceptional space. A secondary primary suite offers a private experience for guests or multigenerational living, complete with its own walk-in closet and ensuite bath with upgraded cabinetry and Cambria surfaces. A spacious bonus room with panoramic water views, an additional bedroom, and a full pool bath further expand the home’s flexibility. Hurricane-grade upgrades include Category 5 motorized roll-down shutters enclosing the covered patio, Category 5-rated windows in the dining and bonus rooms, and Crimsafe Category 5 security screens on select windows. Additional improvements include an epoxy-coated garage floor with storage, upgraded 18 and 14 SEER air handlers, an on-demand hot water system, and a whole-home water softener. A beautifully enclosed office or flex space with French doors provides versatility as a private study, wellness room, reading lounge, or potential fourth bedroom. Throughout the home, French doors add architectural character while allowing for both openness and privacy. The upgraded laundry room, complete with a deep sink and 40-inch cabinetry, blends functionality with thoughtful design. Set on a 70-foot homesite with approximately 144 feet of unobstructed waterfront, the home captures sweeping water views and a sense of tranquility. The expansive screened lanai is finished with travertine decking, remaining cool underfoot while complementing the home’s aesthetic. The resort-style pool features a bubbling spa, integrated seating, and waterfall elements, enhanced by customizable Trim lighting for evening ambiance. A dedicated gas line is in place for a future outdoor kitchen, and a new 2025 gas pool heater ensures year-round enjoyment. The fully fenced yard adds privacy and security. This home offers a VA assumable mortgage (subject to lender approval and buyer qualification) at 2.25% with an approximate remaining balance of $315,000—presenting a significant financial opportunity, with estimated savings of $800+ per month compared to current interest rates.
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.
