Beachside living with built-in flexibility, and opportunities like this are increasingly rare. Tucked away on a quiet flag lot just moments from both the ocean and the river, this beautifully remodeled two-story home offers the coastal lifestyle buyers are actively searching for, with versatility that sets it apart. The upper level is light, open, and welcoming, featuring soaring cathedral ceilings, hardwood floors, and a striking coquina fireplace that anchors the living space. The remodeled kitchen showcases granite countertops, newer cabinetry, and a generously sized pantry—ideal for entertaining or everyday ease. The spacious owner’s suite provides a private retreat with an updated bath, while a flexible bonus room easily serves as a third bedroom, home office, or sun-filled relaxation space. An upstairs laundry adds convenience rarely found in beachside homes. Downstairs, a private in-law apartment with its own entrance opens the door to possibilities that don’t come around often—perfect for extended family, guests, or long-term rental income. This fully updated space includes a complete kitchen with granite counters, living and dining areas, two bedrooms, a remodeled bath, and a second laundry room. Extensive upgrades offer peace of mind, including a metal roof, two new splitter units, updated electrical and plumbing, newer exterior doors, flooring, fixtures, cabinets, and counters, along with a mix of impact and replacement windows. Outdoor living completes the package with a large sundeck, patio, and privacy-fenced yard, plus room to park an RV or boat—an increasingly hard-to-find feature so close to the beach. Walk or bike to the ocean, riverfront parks, fishing pier, and boat ramps, or enjoy nearby entertainment including the Hard Rock Hotel. University Blvd offers drive-on beach access, and the area is a favorite for watching rocket launches light up the sky. Furniture is negotiable. The home is move-in ready, with a fast or flexible closing available. Beachside homes offering this level of flexibility, privacy, and location don’t last—schedule your showing before this one slips away.
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.
