900 SW 10th Ter, Fort Lauderdale, FL 33315
3 beds · 2 baths · 1,505 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Charming Home with Investment Potential in Tarpon River Nestled in a lush, walkable neighborhood, this charming 3-bed, 2-bath home sits on an oversized RD-15 corner lot, perfect for investors looking to build 2-3 townhomes. Inside, terrazzo floors, a cozy fireplace, and a stylish European kitchen with granite counters and stainless steel appliances create a warm, modern feel. The fenced backyard is an entertainer’s dream, featuring an all-day sun travertine pool deck with a sun shelf and bubbler, plus a separate powered workshop for added versatility. Updates include a 2021 flat tile roof, PVC sewer lining, and partial impact windows with French doors. Minutes from dining, shopping, and Fort Lauderdale’s stunning beaches, this home blends comfort, charm, and endless opportunity.
Source: MIAMIRE #A11684037
Source: MIAMIRE #A11684037
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.
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.
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 620, 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.
This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.