Discover your modern sanctuary, where Florida indoor/outdoor living is effortlessly perfected in the desirable Cypress Preserve community. This paired villa was built in 2019 and features a clean, contemporary design with soaring 9'4" ceilings and 1,532 square feet of open living space. A contemporary color scheme and front and side windows with shutters provide instant curb appeal, framed by beautifully maintained landscaping set on a generously sized, pie-shaped lot with extra space between you and your neighbor. Step inside to a foyer that opens to a versatile front room with double doors, ideal for a private office, playroom, third bedroom, or a guest suite. The heart of the home is an open-concept great room and kitchen, creating the perfect hub for daily life and entertaining. In the large gourmet-style kitchen, tall espresso raised panel cabinets are accompanied by granite countertops and a large, eat-at island with a stainless steel double sink and dishwasher, pendant lighting, and space for bar seating for casual dining. A full stainless steel appliance suite—including a smooth-top range, microwave, and side-by-side refrigerator—are complemented by two spacious closet pantries and a dedicated dining space. Just off the great room, sliding glass doors lead to a screened-in lanai, inviting you to relax and enjoy the tropical scenery of your oversized, 6' high fenced-in backyard. Beyond the lanai, an open patio awaits, perfect for grilling and outdoor parties. The yard is also primed and ready for the addition of a pool or spa, with connected hookups already in place. Designed as a three-way split bedroom plan for maximum privacy, the primary suite is a true retreat. It boasts a large walk-in closet and an ensuite bath featuring a granite counter with undermount double sinks, a double vanity, and a glass-enclosed tiled shower with a stylish Listello pattern. A third bedroom is located on the opposite side of the home and is served by a second full bath with a linen closet. A convenient laundry room is located off the 2-car garage, which includes a rear storage space. The washer and dryer are included with the home, making this truly move-in ready. Beyond your private oasis, the Cypress Preserve community offers resort-style amenities, including a zero-entry pool with a covered cabana, a playground, a dog park, an event lawn, and scenic walking trails with conservation and water views. This move-in-ready villa home offers a lifestyle of comfort and convenience in a sought-after community. Don't miss the chance to experience this exceptional Cypress Preserve home—schedule your private showing today and step into your new life!
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.
