Welcome to this spacious 4 bedroom, 2 bathroom pool home with a 2-car garage, featuring an open floor plan, solar power system, full impact windows and doors, and a private backyard designed for easy South Florida indoor-outdoor living. Inside, the home offers a well-designed open-concept layout ideal for both everyday living and entertaining. The main living areas flow seamlessly together, with a modern fireplace, intricate inlay tile details and french doors adding warmth and character. The flexible four-bedroom layout provides options for family, guests, or a home office. The home is equipped with full impact windows and doors, providing security, energy efficiency, and storm protection. Plantation shutters and a whole-house water filtration system add comfort and functionality. Step outside to a private pool and covered patio, perfect for outdoor dining and entertaining. The pool features a solar heater for extended year-round enjoyment and can easily be converted to saltwater. Energy efficiency is a standout feature with a solar panel system that significantly reduces electric costs, along with a solar and electric hybrid water heater for added savings. Located in the Sunflower neighborhood and just steps from the community park, tennis courts, and playground, this home offers easy access to outdoor recreation and everyday amenities. Tamarac offers a quiet, residential South Florida lifestyle with plenty of parks, trails, and easy access to the Everglades, all while being about 20-30 minutes from beaches and downtown Fort Lauderdale. Known for its family-friendly feel, the city features well-maintained parks like Caporella Park and Waters Edge Park with playgrounds, splash pads, and youth sports programs, along with highly rated nearby schools and community centers. It's a great option for commuters seeking balance and convenience. Approximately 20 miles from FLL airport, 45 miles from MIA airport, and 50 miles from PBI airport.
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.
