Assumable 2.5% FHA Loan – Rare Opportunity! Experience the perfect blend of privacy, space, and elevated country living in the highly desirable Daughtreys Creek community. This expansive, fully furnished and move-in ready residence offers nearly 2,500 square feet under air, featuring 4 bedrooms and 2 bathrooms designed for both comfortable living and effortless entertaining. Major updates are already in place, including a new roof (2018) and a recently resurfaced oversized heated pool (solar and heat pump), providing peace of mind and immediate enjoyment. Dual A/C systems—featuring a dedicated unit for the owner’s suite—ensure optimal comfort year-round. Offered turnkey furnished, this property is an exceptional opportunity for full-time living, a seasonal retreat, or a high-performing investment. With its spacious layout, private pool, and desirable location, it’s perfectly suited for short-term rentals such as Airbnb or VRBO, appealing to vacationers seeking the Southwest Florida lifestyle. Even better—no HOA means no rental restrictions and no additional fees, offering maximum flexibility for both investors and homeowners. Combined with the rare advantage of an assumable 2.5% FHA loan, this home stands out as a truly unique and valuable opportunity in today’s market. Seamless indoor-outdoor living is at the heart of the design. The owner’s suite, dining area, kitchen, and great room all open through sliding glass doors to an expansive lanai and private pool retreat—creating the perfect setting for entertaining or relaxing. The fully fenced backyard with a 6-foot privacy enclosure enhances both security and seclusion.Inside, the great room is anchored by a charming wood-burning fireplace, adding warmth and character just off the kitchen. A generously sized laundry room with an adjoining pantry adds everyday convenience and functionality. This property truly embodies a lifestyle—offering peaceful, spacious surroundings while remaining just minutes from dining, shopping, entertainment, and convenient access to I-75. Whether you’re looking for a primary residence, seasonal retreat, or income-producing property, this home checks every box. Simply bring your personal belongings—or your next guests—and start enjoying the Southwest Florida lifestyle from day one.
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.
