Brand new roof and standout curb appeal immediately set the tone for this exceptional lakefront home. From the moment you arrive, the landscaping, paver driveway, and commanding presence of this two-story home draw you in. The highly sought-after 3-car garage is a true Florida advantage--offering the extra space buyers need for storage, hobbies, or additional vehicles without compromise. A stunning pool and spa overlook a wide, tranquil lake, all framed by a rare picture frame screen enclosure that removes visual barriers and maximizes your view. The pool pump is brand new, and the gas-heated spa delivers year-round relaxation. This is not your typical backyard. This is a private resort setting designed to impress. Inside, the home features a bright, open layout with neutral tones and a clean, move-in-ready feel. The kitchen is equipped with granite countertops, stainless steel appliances including a gas range, ample cabinetry, and a large breakfast bar that flows seamlessly into the main living areas. A formal dining space and breakfast nook offer flexibility for both entertaining and everyday living. The master bedroom is generously sized and features a large tray ceiling, while the ensuite bath includes dual vanities, a soaking tub, and separate shower. Upstairs, you'll find a large bonus room/loft--perfect for a second living area, media room, or home office. Hardwood flooring throughout the 2nd floor. The 4th bedroom is also upstairs and offers more space than a typical bedroom. New upstairs AC adds additional value and comfort. Tile flooring runs throughout the first floor, and plantation shutters are found in several areas. A total of 3 bedrooms and 2 bathrooms are on the first floor, as well as the laundry room. Low HOA dues and convenient proximity to everything Viera has to offer, including A-rated schools, restaurants, shopping, Interstate 95, Strom Park walking trails and the beaches, complete the package.
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.
