One or more photo(s) has been virtually staged. 4 Bedrooms | 3 Bathrooms | Split Floor Plan | Solar | Fenced Yard | No Rear Neighbors Welcome to 6310 Southeast 96th Street in Belleview, Florida — a thoughtfully designed four-bedroom, three-bathroom home offering space, privacy, and energy efficiency. This home features a desirable split floor plan with two bedrooms on each side, providing flexibility for guests or multi-generational living. The spacious primary suite includes his-and-hers closets and a private en-suite bath complete with a jetted soaking tub, walk-in shower, water closet, dual vanities, and direct access to the outdoor patio. The main living area flows seamlessly from the foyer into the dining and living spaces, opening into a well-appointed kitchen with granite countertops, stainless steel appliances, and a breakfast nook with patio access. The kitchen connects to a sizable family room, creating an ideal layout for both everyday living and entertaining. Flooring includes durable vinyl throughout most of the home, luxury vinyl plank in three bedrooms, ceramic tile in the kitchen and laundry room, and a functional laundry space featuring a utility sink. Exterior & Systems Highlights: Fully fenced backyard No rear neighbors for added privacy Solar system to be fully paid off at closing Consistent electric bill averaging approximately $30/month Sprinkler system using reclaimed water (not tied to city water/sewer for irrigation) Two-car garage Newer electric water heater Furnace 200-amp electrical service This property combines efficiency, privacy, and functional living space in a prime Belleview location.
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.
