“Coastal living meets thoughtful design and modern comfort in this fabulous in the highly sought-after MiraBay community. This beautifully appointed two story residence offers three bedrooms, two and a half bathrooms, and 2,184 square feet of well designed living space. As you enter the home you are immediately greeted by layout that flows seamlessly throughout the main living areas, creating a clean and cohesive feel. This open concept design is ideal for both everyday living and entertaining, with a spacious family room enhanced by built in surround sound that continues into the primary suite for an elevated living experience. The designer kitchen is truly the heart of the home, featuring stainless steel double ovens, gas appliances, a built in microwave and a thoughtfully designed hidden trash cabinet that keeps everything looking sleek and organized. The kitchen opens effortlessly to the living and dining spaces, making it perfect for hosting gatherings or enjoying quiet nights at home. Upstairs you will find a versatile game room with direct access to a private balcony that overlooks Wolf Creek Preserve. The downstairs primary suite provides a relaxing retreat while the additional bedrooms offer flexibility for family, guests, or a home office. Step outside either in the front or back to enjoy the covered deck and patio, ideal for year round Florida living. Whether you are sipping your morning coffee or entertaining guests, both outdoor spaces extend your living area beautifully. Additional highlights include a two car garage with metal doors and dual openers, a dedicated utility and storage room, attic storage for added convenience, and a tankless water heater for energy efficiency. This home offers the perfect combination of style, functionality, and location in one of Apollo Beach’s most desirable waterfront communities. Experience the MiraBay lifestyle with resort style amenities, waterfront living, and a true sense of community
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.
