SELLER OFFERING CLOSING COST ASSISTANCE!!! New Roof- 2023! Boater's Paradise!! Discover coastal living at its finest in this beautifully remodeled two-bedroom, two-bath home in the heart of Palmetto Point. Nestled just one house away from the community boat ramp, this property offers the ultimate convenience for boating enthusiasts and those who love being near the water. Step inside to find a fully renovated interior that combines modern elegance with everyday comfort. The kitchen is a true showstopper, featuring brand-new, fingerprint-resistant appliances and a sleek, contemporary design. The entire house was completely rewired in 2025 with a brand new panel and the living areas are finished with stunning travertine flooring, while the master bedroom boasts luxurious vinyl plank flooring and is bathed in natural light from its surrounding windows. The master bath is truly a masterpiece and comes complete with a zero entry, handicap accessible, fully remodeled oversized shower. Throughout the home, vaulted ceilings create an airy, open feel, enhancing the spaciousness of every room. A brand-new HVAC system with three separate mini-split units ensures personalized climate control for each area of the house. Outside, enjoy the expansive, nearly 1/4 Acre fully fenced backyard, perfect for entertaining or simply unwinding amid gorgeous landscaping. Also keep in mind if you would like to remove one side of the yard's privacy fence or replace with chain link, you could have beautiful water views right from your backyard. The large fully screened in lanai is perfect for relaxing evening gatherings and you have way more than enough room to build your dream pool as well. There's also an oversized single-car garage with a brand-new garage door, providing ample storage and convenience. This home is a perfect blend of style, comfort, and an unbeatable location. Don’t miss your chance to own a slice of paradise in Palmetto Point!
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.
