Welcome to this stunning, better-than-new 3-bedroom plus den, 2 bath pool home in the gated community of Magnolia Ranch. Featuring smart home technology, no CDD fees, and low HOA fees, this residence combines modern convenience with exceptional value. Set on a picturesque pond lot with a modern flat tile roof, pavered driveway, and inviting front porch, this home opens to a bright entryway and an airy, open triple-split floorplan designed for both comfort and functionality. Off the hallway, a spacious flex room with double doors offers plenty of privacy and is the perfect space to use as an office, home gym, den, or even a 4th bedroom. Just beyond the flex room is your open concept kitchen and eat-in cafe that overlooks the large Gathering Room. A zero-corner sliding glass door serves as the focal point of the Gathering Room and cafe, creating a seamless transition between indoor & outdoor living. Your beautifully appointed gourmet kitchen is thoughtfully designed with 42" cabinetry topped with crown molding, under-cabinet lighting, quartz countertops, a cooktop with matching hood, soft-close drawers, a deep single-bowl Blanco porcelain sink, timeless herringbone subway tile backsplash, & a dedicated pantry. You will LOVE the top-of-the-line KitchenAid Professional Series stainless appliances, including the double wall oven, making cooking a pleasure in this modern culinary space. Adjacent to the kitchen, the spacious kitchen cafe effortlessly accommodates both everyday dining and upscale gatherings. Step into a lanai designed as a private resort-style sanctuary. At its center is a heated, screened-in smart saltwater pool, upgraded with a NEW salt cell (2025) and a tranquil waterfall, overlooking serene pond views. Best of all, the entire experience is controlled right from your phone via the iAqualink app, allowing for effortless management of your outdoor oasis. Surrounded by tropical palms and privacy hedges, this lush sanctuary is perfect for entertaining or relaxing in the Florida sun. Back inside, the Primary Retreat is a serene, sunlit space with views of the lanai. Its expansive en-suite bath features a floor-to-ceiling tiled walk-in shower, an extended quartz vanity with dual sinks, a private water closet, & a massive walk-in closet. Toward the front of the home, two generous guest bedrooms flank the foyer, sharing a well-appointed full hallway bath. Nearby, the functional laundry room comes complete with a Whirlpool top-loading washer and matching dryer. Additional notable upgrades include Security sensors on all windows & doors; Wi-Fi extender; MyQ garage door opener; Smart Resideo enabled thermostat; Keyless front door lock; 8 foot interior doors; Plantation shutters throughout; Whole home gutters; No-See-Um 20/20 mesh screen pool enclosure; Ceiling fans in all bedrooms & lanai; Premium carpet pad in bedrooms; Hurricane shutters; 5 1/4" baseboards throughout; Garage w/4 foot extension; Epoxy garage floors; & Overhead storage racks in garage. Situated in highly desirable Magnolia Ranch, this quaint master planned gated community is maintenance assisted - so put those lawnmowers and weed whackers away, because this neighborhood includes landscape maintenance for the front, back, and side yards...perfect for those looking for the laid back Florida lifestyle! Just minutes from world-class shopping, dining, entertainment, and Gulf Coast beaches, this home offers the perfect combination of luxury, convenience, and coastal living.
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.
