Welcome to RESORT STYLE Florida living in this beautifully upgraded 2022 Lennar-built maintenance-free villa, ideally located in the gated 55+ Medley section of the sought-after Mirada Lagoon community! From the moment you arrive, you’ll appreciate the long paver driveway with a two-foot extension—perfect for parking up to three vehicles—along with a one-car garage featuring a painted floor and convenient overhead storage rack. Large Corner Lot welcomes you with lush landscaping and great curb appeal. Once inside, through the elegant leaded glass front entry door, you are greeted by an open, light-filled floorplan enhanced with ceramic tile laid on the diagonal throughout the main living areas and upgraded lighting in the foyer and dining area. The heart of the home is a stunning, thoughtfully designed kitchen showcasing custom-painted deep forest brown cabinets with crown molding, sleek stainless steel pulls, pull-out shelving, a striking glass subway tile backsplash, closet pantry and a beautifully finished island with stackstone detailing on the base—perfect for entertaining or everyday enjoyment as a breakfast bar. The spacious layout is Light, Bright and OPEN with living and dining areas extending to a screened lanai with stone-look tile flooring, where you’ll enjoy peaceful views of a lush, oversized lot with no front neighbors and exceptional sightlines from nearly every window. This versatile floorplan offers two bedrooms plus a flex room ideal for a home office, hobby space, or additional guest area. The private owner’s retreat is thoughtfully positioned opposite the guest bedroom for maximum privacy, while both bathrooms feature raised commodes, framed mirrors, granite counters, custom painted cabinets and quality finishes including an upgraded shower door in the primary suite. The guest bedroom is bright and inviting with two windows and a ceiling fan. Additional highlights include a 2022 AC system, tropical landscaping with bird of paradise providing natural privacy to ensure a serene setting tucked away from overflow parking. Fish from your backyard or watch the ducks, birds, turtles and sand-hill cranes as you are relaxing. Loads of Amenities to enjoy at the Clubhouse with fitness room, onsite restaurant and cabana bar, pickleball, tennis, corn hole, walking and biking trails and planned social activities, 15 acre lagoon with sandy floor, kid section and paddleboard/kayak section. Enjoy living with low maintenance, in one of the area’s most desirable active 55+ adult communities—this villa truly has it all and is ready to welcome you home. CALL TODAY!
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.
