This custom-built home, featuring over $100,000 in upgrades, is gracefully positioned on an oversized estate lot overlooking a serene conservation area, offering an extraordinary blend of luxury, privacy, and timeless elegance within the prestigious Hunters Ridge community. Located on a quiet street with minimal traffic, the setting is as peaceful as it is refined. Thoughtfully designed for sophisticated living and effortless entertaining, this impressive residence features soaring ceilings, exquisite custom built-ins, and a beautifully appointed kitchen that serves as the heart of the home. The kitchen offers abundant counter space for meal preparation, a spacious breakfast bar overlooking the gathering room, lanai, and pool area, newer stainless steel appliances including coveted double wall ovens, and large pull-out drawers designed to make both cooking and entertaining effortless. A fully equipped wet bar sits adjacent to the gathering room and is a wonderful addition to the entertaining aspect of this home. Every detail reflects quality craftsmanship and understated elegance. The spacious primary suite serves as a luxurious private retreat, offering ample room to unwind and recharge. The spa-inspired primary bath features dual raised vanities, a relaxing soaking tub, a beautifully designed stand-alone shower, and an expansive walk-in closet with exceptional storage and dressing space. The outdoor living spaces are equally captivating. A spacious screened lanai opens to a stunning travertine pool deck complete with a sparkling pool, spa, and outdoor shower--creating a private resort-style retreat ideal for both elegant entertaining and playful gatherings alike. Hunters Ridge is celebrated not only for its natural beauty and distinguished homes, but also for its exceptional lifestyle amenities, including two community pools, several playgrounds, a clubhouse, tennis courts, basketball courts, and a vibrant calendar of community events that foster connection and a true neighborhood atmosphere. Ideally located near top-rated schools, upscale shopping, dining, and the area's beautiful beaches, this remarkable residence presents a rare opportunity to enjoy refined living surrounded by nature, tranquility, and enduring prestige. PS, Furniture is negotiable.
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.
