Positioned directly on the 9th tee of the recently renovated Shalimar Pointe Golf Course, this move-in ready, 3-bedroom, 2-bath brick home offers nearly 2,200 square feet, one of the largest single-story homes currently available in this sought after gated golf course community. The home is thoughtfully designed with wood-look tile flooring in living spaces, ceramic tile in wet spaces, custom cabinetry throughout (previous owner was a cabinet maker), custom design touches, and no carpet. The open-concept floor plan flows from a covered front porch entry, through an arched foyer framed by custom columns & architectural archways, into a spacious living area anchored by a wall of built-in cabinetry with lighted shelving & a corner gas fireplace. The main living space is bright, open, & designed to take advantage of the golf course views, connecting seamlessly to both the kitchen & Florida room addition (heated & cooled), which creates an additional sitting space overlooking the fairway and mature live oaks lining the back of the property. The kitchen is one of the standout features of the home, offering abundant, beautiful custom cabinetry, granite countertops & backsplash, a center island, new GE stainless appliances including a gas range, under-cabinet lighting, pendant lighting, and a large pantry. The eat-in area features a bay-style window and accommodates a sizeable table & chairs. The primary suite includes a tray ceiling, a large walk-in closet, & golf course views. The ensuite bath is a true highlight with custom cabinetry, a floor-to-ceiling storage tower, dual vessel sinks, granite countertops, jetted soaking tub, & separate walk-in shower. Both guest bedrooms are generously sized with good closet space, while the guest bath continues the home's custom finishes with custom cabinets, granite countertops & a vessel sink. The oversized laundry room, which connects to a 2-car garage, includes more cabinetry, counter space, room for a 2nd refrigerator, & W/D.
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.
