This is a beautifully updated 3-bedroom, 2-bath waterfront home made for anyone who wants easy Gulf access, peaceful nature views, and true Florida living. It’s perfect for full-time residents, weekend getaways, or a winter home. What makes this place special is that it sits directly on the open Gulf of America — not a canal — giving you wide water views, no backyard neighbors, and stunning west-facing sunsets every night. What You’ll Love Inside: A split floor plan gives everyone more privacy A sunken formal living room plus a cozy family room connected to the kitchen A wood-burning fireplace for added warmth and charm A Florida room with calm water views for extra living space A roomy kitchen with granite countertops, solid wood cabinets, and stainless steel appliances The brand-new all-in-one washer/dryer does not convey, but the seller may consider it with the right offer The primary bedroom features French doors that open to the screened-in patio Waterfront & Outdoor Highlights: Your own private dock — take your boat straight into the Gulf in about 5 minutes No canal views here — just wide open Gulf water and untouched mangroves No rear neighbors, only nature A screened-in patio with plenty of space for relaxing or entertaining West-facing views give you picture-perfect sunsets every evening Recent Improvements: The home was professionally repaired after prior storm water intrusion and has been restored better than new Move-in ready with strong, durable finishes and upgrades throughout Location Benefits: A quiet, established waterfront neighborhood No HOA and no CDD fees Close to shops, restaurants, and everything you need Quick, easy boating access to the Gulf Buyer Summary: This home offers direct Gulf-front living with open-water views, peaceful sunsets, and no backyard neighbors. Inside, you'll enjoy a comfortable layout, updated finishes, and plenty of natural light. Outside, you get a private dock, a screened patio, and nature right behind you. It fits anyone wanting a relaxed waterfront lifestyle, great boating access, and an upgraded home in a quiet Florida community.
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.
