A watefront, single family detached, pool home in Trieste neighborhood of 74 homes at Pelican Preserve! Location says it all...a short distance from gated community entrance as well as 70,000 sq. ft. Town Center, The Club (social and full golf) and amenities galore! Immaculately maintained by the original owners & thoughtfully upgraded inside & out, no detail overlooked! "Monet" home floor plan is spacious & open concept offering 2 bedrms, 2 baths complete with expansive main living - dining area & eat-in kitchen with 2-car garage! Home is complimented with fabulously upgraded Pool with 3-sided picture frame lanai cage! White kitchen cabinets, counters & bar height add'l. counter w/newer stainless steel appliances & rare opportunity within community for GAS cooking too! Newer surge protected AC (5 to 6 years old), Rinnai tankless hot water heater (April, 2025), annual roof inspection by owners by Adler Roofing, updated & renovated bathrooms including rimless shower doors & picture frame mirrors! Flooring includes tiled main living areas & baths & newer carpet in bedrooms! Pelican Preserve is a 55+ community offering 44 amenities and 10 clubs with something for everyone from 12 pickleball courts, tennis, 38-acre walking preserve & boardwalk, butterfly garden, billiards, arts & crafts studios, sewing & woodworking labs, 3 pools including lap pool, lagoon pool & indoor pool (2nd floor walking track & exercise stations)! Soleil fitness center locker rooms, sauna and casual seating area! 2 restaurants including indoor dining & pool-side restaurant, entertainment pavilion, sandy beach & pier, 2 bark parks, bocce, lawn bowling, Brokke Center offers library, main room seating, card rooms, business center and on-site management too! Golf memberships, social and full, are optional...many on-site events regularly! Clubs include card groups, singing, music & performing arts to mention a few! GOLF CART access friendly community too! Ready for you to enjoy the SWFL lifestyle, a short distance from SW FL Regional Airport, Spring Training baseball venues (MN Twins & Boston Red Sox), restaurants, shopping, medical, I-75 & much more with fantastic central location!
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.
