This stunning 5-bedroom, 3.5-bath home with a dedicated office and expansive bonus room offers the perfect blend of comfort, elegance, and Florida lifestyle. Situated on a private homesite, the property features breathtaking sunset views over the preserve, a resort-style pool, outdoor kitchen, and a basketball court. A grand double glass door entry welcomes you into a bright and spacious dining room highlighted by large windows that fill the space with natural light. The adjacent living room showcases soaring ceilings, expansive sliders, and transom windows that seamlessly connect indoor and outdoor living. The private office also features generous windows, creating an inspiring and light-filled workspace. Elegant tile flooring flows throughout the main living areas of the home. The open-concept kitchen is both functional and inviting, overlooking the large family room and outdoor living space. Aquarium windows bring in stunning backyard views, while new stainless-steel appliances and tall cabinetry provide ample storage and a sleek, modern feel. The primary suite is a private retreat, featuring tray ceilings and dual closets. The luxurious primary bath is a true showstopper, complete with a freestanding soaking tub, walk-in shower, chic tile finishes, and a dual-sink vanity. Two bedrooms share an updated Jack-and-Jill bathroom, while a separate guest bedroom and bath are tucked away for added privacy. Upstairs, you’ll find the fifth bedroom—ideal as a second office or flex space—along with a spacious bonus room perfect for entertainment or recreation. Step outside to your own private oasis, featuring one of the largest pools in the community, a generous backyard with preserve views, and a basketball court that could easily be converted into a pickleball court. The outdoor kitchen creates the perfect setting for dining al fresco while enjoying spectacular sunset views. Located in The Preserve at Panther Ridge, this vibrant community offers “A”-rated schools, scenic walking trails, lakes, tennis courts, basketball courts, and playgrounds. Conveniently located near UTC Mall, Lakewood Ranch Main Street, fine dining, and Florida’s renowned Gulf beaches. Tampa International Airport is approximately 50 minutes away, and Sarasota-Bradenton International Airport is just 30 minutes away. With NO CDD fees and LOW HOA dues, this home offers an exceptional combination of privacy, luxury, and convenience.
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.
