ENJOY ONE-OF-A-KIND WATER & GOLF COURSE VIEWS WITH PICTURE-PERFECT SUNSETS FROM YOUR PATIO!!! Move right into this beautifully updated single-family home located in the highly desirable 55+ active community of The Mainlands. Offering 2 bedrooms, 2 bathrooms, a 2-car garage, and 1,776 sq ft of living space, this solid block-constructed residence combines comfort, quality, and low-maintenance living. Inside, you’ll find an open, light-filled layout enhanced by NEW Traffic Master waterproof vinyl plank flooring (seamless finish), faux wood blinds, and freshly painted walls and woodwork throughout. The upgraded eat-in kitchen features lots of cabinetry for exceptional storage, decorative Formica countertops, and a convenient passthrough window to the oversized Florida Room. Both Bedrooms offer over-sized walk-in closets while both upgraded Bathrooms offer walk-in tiled showers, Shrock wood vanities, decorative Kohler sinks and Moen faucets. Major updates provide peace of mind, including double-paned windows, a 3-ton Rheem heat pump HVAC (9/24), and a 150 Watt Square D electrical panel. The garage is well-equipped with a Samsung washer, LG dryer, 50 gallon Bradford White HWH, a Chamberlain Wi-Fi garage door opener with keypad, a Raynor garage door, pull-down attic ladder for added storage, Plastpro fiberglass side door and Epoxy coated floor. The monthly maintenance fee of $342.59 covers water, sewer, trash, cable (HD box + DVR service), internet (modem and Wi-Fi router), exterior painting, lawn care, and irrigation with reclaimed water—making this an easy, maintenance-free lifestyle. The Mainlands is a vibrant 55+ community offering a clubhouse, heated in-ground pool, shuffleboard courts, and a full calendar of activities. It surrounds an 18-hole public golf course and sits adjacent to Freedom Lake Park, featuring scenic walking paths around 2 lakes, outdoor fitness areas, picnic pavilions, a dog park, playground, sailboat racing and 2 Bocce courts. It is conveniently located near shopping, dining, banking, sporting & cultural venues, medical facilities, airports, major highways, and our renown Gulf beaches! Pet-friendly -2 pets, 35 lb. max are welcome! Enjoy the best of maintenance-free Florida living—schedule your private showing today!
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.
