Multi generational home! Extraordinary, brilliantly designed one-level luxury estate offering 4,204 sq ft of beautifully remodeled space on a private 1-acre lot, perfectly suited for multi-family living, extended family, or luxurious entertaining. This stunning 5-bedroom, 3-bath residence captivates from the moment you arrive with its white Veretta stone brick exterior, lush landscaping featuring over $148,000 in upgrades, and 33 majestic palm trees creating a resort-style atmosphere. Inside, enjoy luxurious ceramic tile throughout, a flowing sitting room into an elegant formal dining room, and two oversized great rooms designed for both comfort and grandeur. The home features two kitchens, two HVAC systems, two hot water heaters, and three full bathrooms, offering unmatched functionality flexibility; The primary suite is a true private retreat, complete with an oversized bedroom, private den/TV room, office area, two large closets, 19" tile floors, cultured marble double vanity, and a spa-style tub/shower unit; Designed for ultimate versatility, the rear of the home can be separately locked and utilized as a luxurious mother-in-law suite, offering its own private great room, two bedrooms, full bath, and an updated kitchen adorned with stainless steel appliances, granite countertops, and designer backsplash, creating an opulent, independent living space. Outdoor living is equally impressive, showcasing over $48,000 in professional landscaping, highlighted by 33 mature palm trees, an oversized driveway with automatic electric gate for security and privacy; and dedicated electrical gated RV/boat parking with hookups. Beautiful and captivating 6 ft white privacy fence; Every detail of this property reflects thoughtful craftsmanship and upscale living. A truly rare offering that seamlessly blends luxury, space, and multi-generational flexibility, this remarkable estate must be experienced to be fully appreciated. The wow factor continues with a large entertainment room plus additional office space, flowing seamlessly to a screened lanai, perfect for outdoor entertaining. Additional highlights include an automated electric entry gate to the rear driveway, oversized driveway with RV/boat parking and hookups, and a backyard storage shed. Finished in beautiful neutral palettes, this one-of-a-kind property blends opulence, comfort, and versatility, delivering a rare opportunity for luxury living with exceptional multi-generational appeal. Rare gem for unmatched paradise! HVAC 2023 and 2021; Water Heaters 2025 and 2022; Waste 58.00 month; water $87.00 month; cable $208 month; electric average $350 month;
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.
