Stunning Pool Home with Solar Efficiency and Newer Roof at the end of the road and surrounded by nature!!!!! Step into your private oasis with this beautifully maintained 3-bedroom, 2-bathroom and an office residence, designed for those who appreciate the quintessential Florida lifestyle. Combining modern sustainability with classic comfort, this home offers a rare opportunity to enjoy luxury living with an incredibly low cost of ownership. Exceptional Features Include: Solar-Powered Savings: Experience the ultimate peace of mind with a fully integrated solar panel system. Say goodbye to high utility costs—this home boasts an average electric bill of just $30 per month, providing significant long-term value. The Florida Room: The heart of the home is a spacious, light-filled Florida room. Whether you are sipping your morning coffee or unwinding after a long day, this versatile space offers a seamless transition between indoor comfort and outdoor beauty. Outdoor Paradise: The Florida room overlooks a stunning, sparkling pool, perfectly situated for weekend gatherings or quiet laps under the sun. The surrounding patio provides ample space for lounging, grilling, and entertaining. Thoughtful Layout: This floor plan features three well-appointed bedrooms, two clean, functional bathrooms and an office ensuring plenty of space for family, guests, or a dedicated home office. Agent Note: Properties that combine a private pool with this level of energy efficiency are a rare find in today's market. This home truly shows value for families waiting for its next chapter. Schedule your private tour today and see how $30 a month can power your Florida dream!Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home.
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.
