Step into this practically new 2021 South Gulf Cove home, where thoughtful upgrades, quiet surroundings, and a beautifully curated interior come together in one move in ready package. Designed with expansive bedrooms and a full office/den, the layout offers generous space for work, rest, and everyday living—each room enhanced by soaring 9.6 ft ceilings, 8' doorways, and abundant natural light. The chef-inspired kitchen shines with a smart, functional layout featuring granite countertops, a 50/50 farmhouse sink, a large pantry, extensive prep space, and a dedicated coffee station that elevates your morning routine. Throughout the home, you’ll find gorgeous custom wood accent walls, upgraded finishes, and exceptional storage, including dual oversized walk in closets in the owner’s suite. The primary bath offers dual sinks, a private water closet, and a spacious walk in shower for a spa-like feel. The open-concept living area flows seamlessly to a 25x9 screened lanai with brick pavers and sunscreens—perfect for relaxing or entertaining. Even the garage features a remote controlled roll down screen, giving you a breezy, usable space for projects, workouts, or simply enjoying the Florida air without the bugs. Outside, the property is beautifully maintained with landscape curbing, an irrigation system on public water, and full hurricane shutters for peace of mind. Located in a super quiet section of South Gulf Cove, this home sits just a short walk from the community park, making it easy to enjoy the waterfront paths, playground, and green space. Enjoy the feel of new construction without the wait—this upgraded, stylish, move in ready home delivers the space, quality, and lifestyle you’ve been searching for.
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.
