A rare second chance on one of Palm Meadows Estates' finest — back on market at no fault of the seller or property. Built in 2019 and sitting on a waterfront lot in this guard-gated community, this two-story 4-bedroom, 3-bath pool home at 8779 Grand Prix Lane offers 2,331 square feet of upgraded living space with lake views from nearly every rear-facing room. The covered front entry opens to a two-story foyer with a custom 3D geometric accent wall and porcelain marble-look tile that runs throughout the entire first floor. The formal dining room sits just off the foyer, anchored by a statement chandelier and the same architectural accent wall detail. The upgraded kitchen features white shaker cabinets, quartz countertops, a glass mosaic backsplash, under-cabinet lighting, upgraded gas cooktop, vented stainless steel hood, double wall oven, French-door refrigerator, and a generous center island finished with hand-painted decorative tile and pendant lighting. A converted under-stair pantry adds tucked-away storage. The kitchen flows openly into the great room, where a custom-built media wall with floor-to-ceiling cabinetry, integrated shelving, and a linear electric fireplace creates a focal point you won't find in standard Palm Meadows floor plans. Expansive sliding glass doors frame the lake view and open to the covered lanai. A full guest bedroom and adjacent full bath with frameless glass shower complete the first floor, ideal as an in-law suite, home office, or private guest quarters. The dedicated laundry room includes a smart Samsung front-load washer and dryer, built-in cabinetry, and folding counter. Upstairs, wide-plank wood flooring runs throughout. The primary suite faces the water with two windows overlooking the lake, a custom Moroccan-pattern molding accent wall, and direct access to a spa-inspired bath featuring dual vanities with quartz tops, a deep soaking tub framed in marble-look tile, an oversized frameless glass shower with rainfall head, handheld and body sprays in matte black, and a separate water closet. The custom built-in walk-in closet is a standout, with a full shoe wall, double-hang rods, and premium organization systems. Two additional bedrooms upstairs include a charming nursery with a hand-painted underwater mural that can stay or be easily painted over, plus a secondary full bath with dual sinks, marble-look tile, matte black fixtures, and a tub-shower combination consistent with the rest of the home. The backyard is where this lot truly separates itself. A travertine pool deck wraps a heated and chilled saltwater pool with a sun shelf, all set against a long lake view with no rear neighbors. A custom paver-and-turf walkway leads to a multi-hole putting green, while mature royal palms with landscape uplighting frame the space. A side courtyard features a retractable awning, built-in gas grill with bar seating, pavered patio, and mounted outdoor TV, ideal for entertaining. The covered lanai includes a ceiling fan, travertine flooring, motorized screen, and a second mounted outdoor TV — a natural extension of the home's entertaining footprint and a favorite spot for outdoor sports viewing and weekend gatherings. Additional features include hurricane impact windows and doors throughout, concrete tile roof, designer lighting package, two 220V outlets and overhead storage racks in the 2-car garage for EV charging and added utility, paver driveway, mature tropical landscaping, and full landscape lighting package. Palm Meadows Estates is a guard-gated community with a resort-style clubhouse, fitness center with Cybex equipment, dance and yoga studio, indoor basketball court, lit tennis courts, pickleball, resort pool, separate splash pool, playground, and covered pavilion. HOA dues are $596 per month and include 24-hour manned gate access and all amenities. Located in unincorporated Boynton Beach with easy access to the Turnpike, shopping, dining, and top-rated schools.
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.
