SELLER OFFERING $2000 CREDIT TO BUYER AT CLOSING TO APPLY TOWARD CLOSING COSTS OR FIRST 5 MONTHS OF HOA DUES! Move right into this immaculate, beautifully maintained 2018-built townhome in the gated community of Promenade at Palmer Ranch, where comfort, convenience, and an exceptional location come together. Major updates include a NEW ROOF and NEW HVAC (2025), plus a new garage door opener, refinished garage floor, and added garage shelving (2026). Best of all, this home has had no flooding. Offered partially furnished (with only a few excluded items), it's truly move-in ready and ideal as a full-time residence or seasonal retreat. This spacious 3-bedroom, 2.5-bath home with a 1-car garage features hard surface flooring throughout with ceramic tile and new laminate flooring (2025)—no carpet anywhere. Built with concrete block walls between adjoining homes, you'll appreciate the added peace and quiet. The open-concept kitchen is designed for entertaining with a large granite island, abundant counter space, updated lighting, a walk-in pantry, and additional storage beneath the stairs. Sliding glass doors lead to a screened lanai featuring a new motorized solar shade, while the extended paver patio added in May 2026 creates the perfect outdoor living space overlooking the peaceful rear canal. Enjoy added privacy from this desirable perimeter location with tranquil views. Upstairs, the spacious primary suite offers a walk-in closet and private en-suite bath, while two additional bedrooms provide flexible space for guests, a home office, or hobbies. Hurricane shutters are included for all windows and sliding glass doors for added peace of mind. Low HOA fees include water, sewer, trash, lawn maintenance, and community amenities. Residents enjoy a sparkling pool and covered gathering area complete with a cozy fireplace. The Legacy Trail is just beyond the rear canal, providing easy access to miles of biking, walking, and outdoor recreation. Located just minutes from shopping, dining, and everyday conveniences, and only 5 miles from world-famous Siesta Key Beach, this exceptional home offers the Florida lifestyle you've been waiting for. Schedule your private showing today!
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.
