Price Improvement! Move-in ready home with major updates in Sebring, don't miss this opportunity! Spacious 3-bedroom, 2-bath home with an attached 2-car garage, separate carport, and situated on an oversized lot. The kitchen features an abundance of cabinetry with storage seemingly around every corner. Recent major improvements include a 2022 galvalume metal roof, a 2022 AC system, and brand-new windows installed throughout the entire home in Nov. 2025, enhancing energy efficiency, comfort, and curb appeal. Prepared for comfort and peace of mind, the home is equipped with a 25kW QuietSource whole-house generator with an automatic transfer switch connected to a buried 500-gallon capacity propane tank, an excellent feature during power outages! These systems are heavily sought after due to their ultra-quiet operation, commercial-grade reliability, and ability to handle large electrical loads without interruption. Additional features include a 3-zone irrigation system on its own well, washer/dryer hookup in the garage, and the kind of solid concrete construction that provides lasting durability and peace of mind during Florida's storm seasons. You'll appreciate the attached 2-car garage conveniently located toward the rear of the home, providing privacy, ample parking and storage. In addition, a separate covered carport includes its own 10x12 storage room, offering the perfect space for tools or lawn equipment. There's also a brand-new storage shed and a privacy fence around the property. This home offers much more living space than it appears from the street! Lovingly maintained by only its second owner, this home reflects years of pride of ownership. Whether you're looking for a she-shed, man cave, workshop, or simply plenty of space to stay organized, this property delivers. Located in a welcoming neighborhood with great neighbors, this property is conveniently just minutes from Downtown Sebring's restaurants, boutiques, and shopping while still enjoying the comfort of a quiet residential setting. Whether you're looking for your first home, room to grow, or a comfortable place to enjoy retirement, this well-maintained property is ready to welcome its next owner!
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.
