SLEEK MODERN DESIGN MEETS ULTIMATE EFFICIENCY. Experience the perfect blend of high-end aesthetics and sustainable living in this stunning North Port residence. This 3-bedroom, 2-bathroom home isn't just a place to live—it’s an investment in your future, featuring a fully paid-off solar panel system representing over $50,000 in added value. Say goodbye to high utility bills and hello to modern luxury. The heart of the home is a breathtaking Great Room characterized by high vaulted ceilings and a modern, sleek look that radiates sophistication. This expansive living area overlooks a private lanai and a sprawling backyard, creating a seamless transition for indoor-outdoor Florida living. The interior is draped in custom porcelain tile and a chef-inspired kitchen. Featuring custom grey cabinetry, premium quartz countertops, and a designer tile backsplash, this kitchen is as functional as it is beautiful—and yes, the appliances stay! The property is fully enclosed by a premium white vinyl fence, offering a secure and private sanctuary for you and your pets. Located in a top-tier neighborhood, you are just minutes from A-rated schools, the North Port Aquatic Center, and the bustling lifestyle hubs of Wellen Park, Coco Plum, and local Gulf beaches. With quick access to I-75, your commute is as effortless as your lifestyle. Top-Tier Highlights Modern Great Room: High vaulted ceilings and a sleek, open-concept design. Energy Efficiency: Included solar panels ($50k+ value) for massive monthly savings. Designer Finishes: Custom porcelain tile throughout, quartz counters, and custom grey cabinetry. Indoor-Outdoor Flow: Great Room views overlooking the lanai and private backyard. Fully Fenced: Premium white vinyl fencing for maximum privacy and safety. Location: Minutes from Wellen Park, the Atlanta Braves Spring Training, and A-rated schools.
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.
