One or more photo(s) has been virtually staged. Welcome to this beautifully upgraded Sunrise home located on a desirable corner lot with access from two roads, offering privacy, space, and flexibility. From the moment you arrive, the spacious front lawn with mature palm trees creates the perfect setting for relaxed South Florida living. Inside, the fully updated kitchen is the heart of the home, featuring quartz countertops, a pot filler, almost new appliances, and a sliding pass through window that opens directly to the patio, making indoor and outdoor entertaining effortless. The main living and entertainment area flows seamlessly to the patio and includes a built in bar with sink and plug in ice maker, ideal for hosting gatherings. Step outside to your private backyard retreat complete with a fully functional and recently serviced jacuzzi, an in ground pool, and a patio with side screen enclosures and an open top design that allows natural light and fresh air. The patio area offers an excellent opportunity for the next owner to enhance and personalize the space. The backyard also features mango trees, perfect for enjoying fresh organic fruit at home. The thoughtfully designed split floor plan places the primary bedroom on the left side of the home, separated from the other bedrooms for added privacy. All bedrooms provide a great canvas for the next owner to add their preferred finishes and personal style. The primary bathroom includes a built in shower speaker with lighting, perfect for enjoying music while getting ready. A secondary living area offers flexibility and can be used as a dining room, family room, or flex space. The guest bathroom features a rainfall shower that delivers a spa like, rainforest inspired experience. Additional highlights include a roof replaced approximately two years ago, a newly replaced two car garage door and opener, and a single car carport at the rear of the property with existing framing, ready for customization. The pricing has been thoughtfully set to attract buyers who truly appreciate a home with quality upgrades already completed and the opportunity to finish and customize the home exactly to their vision with their own finishing touches. With strong fundamentals in place and plenty of room to personalize, this property offers comfort, functionality, and exceptional potential in a sought after Sunrise location.
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.
