One or more photo(s) has been virtually staged. LOCATION LOCATION LOCATION!! Welcome to this beautifully updated 3-bedroom, 2-bath home located on a desirable corner lot in one of Seminole's highly unincorporate sought-after areas in Laura Anne Estates with some of the top schools. Featuring a popular split floor plan, this residence offers comfort, privacy, and effortless Florida living. The home includes numerous updates, highlighted by a brand-new roof being installed this month, providing peace of mind for years to come. Step into this beautifully appointed kitchen where style meets function Gorgeous white cabinets offer abundant storage and timeless warmth, perfectly complemented by beautiful natural stone countertops that provide both elegance and durability. The inviting layout features a spacious room, ideal for meal prep and casual gatherings, while premium finishes throughout elevate the space. The window flood the room with neural light, highlighting the white cabinets and gleaming stone surfaces. Whether you're hosting dinner parties or preparing everyday meals, this kitchen is designed to impress and inspire. The inviting living space features a wood-burning fireplace, adding warmth and charm, while beautiful French doors open to the lamia, creating a seamless indoor-outdoor flow and filling the home with lots of natural light. Step outside to the spacious lanai overlooking an inground pool surrounded by elegant pavers, perfect for entertaining or relaxing after a day on the water. The backyard also features a spacious 11' x 25' covered deck, providing the perfect settingfor morning coffee, outdoor dining, or shaded relaxation. Property features an exceptionally large side yard, fully enclosed with privacy fencing-ideal for outdoor living, pets, or future customization. The generous corner lot provides ample room for RV or boat parking, making this property ideal for boating enthusiasts. Located in a No Flood Zone with no rental restrictions this home offers flexibility for both homeowners and investors. Just minutes from beach access and nearby boat ramp, this property is perfect for those who love boating, fishing, and spending time at the beach, all while enjoying the convenience of nearby shopping, dining, walking trails, and recreation. A rare opportunity to own a move-in-ready home in a premier coastal lifestyle location. Seminole is a great home base for both natural exploration and coastal adventures. Beaches are often ranked among the best in Florida and are within about 20-30 minute drive. Don't miss it! Call and schedule your 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.
