Fully remodeled from top to bottom, this Seminole pool home offers the space, layout, and backyard setup that buyers are constantly searching for but rarely find. Over 2,700 square feet, 3 bedrooms (with an easy 4th bedroom addition), 2.5 bathrooms, a dedicated office, and a flexible floor plan, this home was designed for both everyday living and entertaining. Lets face it, life is entertaining. You are going to want to do life here. The interior has been extensively updated with a clean, modern feel while still offering a true "home feel" and character. The heart of the home is the open living space overlooking the backyard retreat. The kitchen flows seamlessly into the main living areas, making it easy to stay connected whether you're hosting friends or enjoying a quiet night at home. Step outside and you'll quickly understand what makes this property special. The heated saltwater pool is surrounded by mature palm trees creating a true Florida resort feel. The entire back of the home is covered, providing an incredible outdoor living area with plenty of room to relax, dine, and entertain year-round. The pool bar with TV creates the perfect spot to watch the game, host gatherings, or simply enjoy unwinding. The primary suite is huge, incredible space, oversized walk in closet, beautiful shower and room to let the weight of the world fall off your shoulders. The additional bedrooms, office, and flexible living areas provide room for families, guests, hobbies, or working from home. Additional features include a 2-car garage, updated finishes throughout, and a location convenient to Seminole's parks, shopping, restaurants, top-rated schools, and the Gulf beaches. All while being in a non-evacuation zone. If you've been waiting for a move-in ready home with a resort-style backyard, flexible floor plan, and no remodeling projects left to tackle, this is one you'll want to see in person.
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.
