Welcome Ashley Oaks, where charm meets comfort in this captivating 3-bedroom, 2-bathroom home nestled on a coveted fully fenced corner lot. This 1660 sq ft treasure offers a lifestyle of tranquility and convenience, perfect to call home. As you approach the home, the quiet street hums with peaceful evenings. Step inside the wide-open foyer, where sunlight pours in, and cathedral ceilings welcome you with warmth and invite you to explore further. The large family room, complete with a cozy fireplace, acts as the heart of the home, creating an ideal gathering space for memorable evenings with loved ones. Just off the family room, the well appointed kitchen is equipped with stainless steel appliances, granite countertops. Two breakfast bars provide ample space for casual dining or enjoying a morning coffee. The separate dining area adds an elegant touch, perfect for hosting dinner parties and celebrations. Venture into the spacious Primary suite, your personal retreat. Here, sliding glass doors open to the lanai, revealing a serene pond view where ducks and birds create a picturesque backdrop. The suite boasts a walk-in closet, dual sinks, a garden tub, and a walk-in shower, offering both form and functionality. This true split floor plan ensures privacy, with well-sized secondary bedrooms featuring generous closets, strategically positioned away from the main living areas. These spaces provide comfort and versatility, ideal for a growing family or home office needs. Step outside to the screened rear lanai, open brick paver patio or oversized back yard, where you can fire up the grill and entertain while savoring the tranquil pond view. The fully fenced yard ensures privacy and safety, making it a perfect playground for children or pets. Rest easy knowing the roof was updated in 2019 and the HVAC system in 2017, ensuring efficiency and peace of mind. The garage has been fitted with an AC mini split making it perfect for a workshop, gym or gameroom. With a low HOA, residents enjoy access to a community pool, perfect for those hot summer days. Conveniently located near shopping, restaurants, and entertainment, and with easy access to major roadways and interstates, you'll have everything you need right at your fingertips.
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.
