Absolute stunner on one of the best homesites in North River Ranch offering almost 2,600 sq ft of luxury living! This exceptional residence features an assumable 4.99% mortgage and a rare blend of elegance, privacy, and breathtaking natural surroundings. This thoughtfully designed home offers 3 bedrooms, 3 full bathrooms, plus a dedicated office, showcasing 11.5-foot ceilings, a grand entrance with soaring vaulted ceilings, and an expansive great room highlighted by custom beams and an impressive 24 feet of sliding glass doors that flood the space with natural light. The massive custom kitchen is perfect for entertaining and hosting large family gatherings, seamlessly connecting to the great room and outdoor living space while capturing stunning views. No expense spared with the custom window coverings, lighting and fans throughout the home. Step outside to the oversized screened lanai, where a custom 14x28 salt water pool and spa await, complemented by upgraded Shellock pavers designed to stay cool underfoot even during hot summer days. Beyond the screened area, enjoy a fenced side yard with a convenient built-in doggy door, creating an ideal setup for pets and outdoor living. The lanai and pool area are framed by a 50-foot panoramic view of private lush tropical trees and serene pond vistas. Enjoy nature at its finest with frequent sightings of deer, eagles, otters, and schools of fish, creating a peaceful and private retreat. The primary suite is a true owner’s retreat, featuring his and hers walk-in closets, including a spectacular custom-designed oversized closet, along with beautiful custom millwork throughout that adds warmth and panache. The spa-inspired primary bath offers a large walk-in shower with additional rain head, oversized soaking tub, and dual vanities. A large three-car garage provides ample space for vehicles, storage, and hobbies, enhancing the home’s functionality and appeal. Residents enjoy access to world-class amenities at Brightwood and Camp Creek, featuring resort-style pools, water slides, a state-of-the-art fitness center, game rooms, library, bike park, dog park, pickleball courts, playgrounds, and expansive parks—offering activities and entertainment for all ages. With nearly 2,600 square feet of luxury living, exceptional craftsmanship throughout, and one of the most desirable lots in the community, this home is a rare opportunity to own refined Florida living surrounded by nature.
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.
