Like new and impeccably maintained, this stunning pool home shows like a model and is priced to sell. Offering three generous bedrooms plus a versatile den with double glass doors. This space easily adapts as a home office, playroom, or media room. The heart of the home features an open-concept layout where the kitchen, dining, and living areas flow seamlessly. It is perfect for both everyday living and entertaining. The kitchen shines with granite countertops, a classic subway tile backsplash, stainless steel appliances including a touch-screen refrigerator, a large pantry, and abundant cabinetry. A spacious island with stylish pendant lighting provides ample prep space and casual seating for gatherings. The thoughtfully designed split floor plan ensures privacy, with the primary suite tucked away on one side of the home. This serene retreat boasts two large walk-in closets and a spa-like ensuite bath complete with dual vanities and a walk-in shower. Guest bedrooms are comfortably situated on the opposite side of the home. Step outside to your private outdoor oasis. The expansive lanai features a saltwater swimming pool with a Pebbletec finish and an above-ground seven-person hot tub, ideal for relaxing or entertaining year-round. Situated on an oversized lot of over one-third of an acre, there’s plenty of space to enjoy outdoor activities and Florida living at its finest. Notable upgrades include impact windows with Bahama shutters, epoxy garage flooring, a screened front entry, lush tropical landscaping, and elegant brick pavers on both the driveway and lanai. Best of all, there are no HOA fees, and the current owner’s affordable flood insurance policy is transferable to the new owner. Located in the desirable South Gulf Cove community of Port Charlotte, this home offers a peaceful, rural feel surrounded by natural beauty, yet remains just minutes from shopping, medical facilities, and the pristine beaches of Boca Grande and Englewood Beach. Enjoy nearby golf courses, miles of biking trails, and world-class fishing. An optional HOA provides access to a clubhouse, park, playground, and private boat ramp. This exceptional home delivers comfort, style, and the ultimate Florida lifestyle, don’t miss the opportunity to make it yours.
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.
