Get ready to dive into the Florida lifestyle because this Riverview retreat in the Eagle Palms Community is more than just a place to live. It's practically bragging rights packaged in a stunning townhome! Forget future worries about the big-ticket items, because this unit is totally chill. The ROOF was replaced in 2020, and the BRAND NEW AC was replaced in 2024. This home is ready to be low maintenance and high glamour. Step inside and prepare for a vibe shift. The open-concept living and dining area immediately showcases some serious style with elegant Luxury Vinyl Plank (LVP) floors running throughout the first floor. But the real star of the show? The living room features a dramatically exquisite STONE ACCENT WALL that perfectly frames the cozy, modern electric FIREPLACE AND TV AREA, making it the ideal spot for streaming and chilling. Even the half bathroom on the first floor is feeling itself, flaunting a beautifully remodeled WOOD ACCENT WALL. The kitchen is perfectly equipped for your culinary conquests, featuring SOLID WOOD CABINETS, gleaming STAINLESS STEEL APPLIANCES, and plenty of counter space for mingling. The wet areas sparkle with classic TILE FLOORS, and you’ll appreciate the EXTRA STORAGE offered by the kitchen’s PANTRY CLOSET. Enjoy your morning coffee or a casual meal in the nice-sized BREAKFAST NOOK that looks ready for action with an AWESOME POND VIEW. Speaking of views: Say goodbye to boring fences! This home offers a beautiful, tranquil view of the pond from the backyard, first floor area, and upstairs bedrooms. Imagine unwinding after a long day on the patio, soaking up the peaceful Florida scenery. Head upstairs via the carpeted stairway to find your three private bedrooms, all lined with plush carpeting for that ultimate comfort factor. The main bedroom is spacious and features a walk-in closet that’s ready for your expansive wardrobe collection. The upstairs bathrooms are clean and functional, featuring double sinks in one of the spaces. This townhome is essentially a perfectly updated, elegantly remodeled package waiting for you to move in and start living your best life. Call now to schedule a visit.
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.
