PROFESSSIONAL PHOTOS COMING SOON....Looking for a great LARGE (1,844 sq. ft.) starter home. 2 bedrooms/2 bathro0ms and ample loft/TV area ?!!! Look no further. You will find this in *** CLUB ESTATES *** a community inside of a community. As a resident of CLUB ESTATES, you will enter the owners only gate off Kokomo road entering into GRENELEFE ESTATES. Travel down Coventry Drive until you see the walled in area called CLUB ESTATES. Pass the wall, the flag and the fountain and immediately look to your right and see address 102 Coventry Lane. Park in the driveway and turn around to view the screened in community pool, just across the street. Amenities at your disposal are the screened in pool with a hot tub, seating area for you and guests to relax/play cards, clubhouse with a kitchen, a sauna, an exercise room PLUS showers all inside for your use. All included with your HOA dues. After entering this townhome your eyes will be drawn to the soaring ceilings with skylights to brighten up this home. Downstairs is the kitchen with an area to eat in. Next is the dining room area, then the living room or great room area and a very large downstairs primary bedroom with it's own en-suite bathroom...updated with a zero entry walk in shower. Upstairs is another very large primary bedroom and another en-suite bathroom with once again a stand up shower and large soaker bathtub. A Vanity with dual sinks and large mirror to finish off this area. The loft is ample and ready to be a study area, lounge area or T.V. area. Many townhomes put up a wall and make this loft another bedroom. Back downstairs, step out on to the rear lanai and you'll be SHOCKED to find your very own private sunken hot tub area !! Imagine coming home from work to dip into this very private relaxation area ! Outside and around the corner a bit you'll find a personal golf cart garage to use in whatever manner you wish. Make the call and visit this listing. It's a STEAL and priced UNDER market value. Remember 1,844 sq. ft. Community pool just across the street !! OH...FULLY FURNISHED AS SHOWN
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.
