MULTIPLE FINANCING GRANTS AVAILABLE!! Step into this FULLY RENOVATED TOWNHOME at 1065 Universal Rest, Kissimmee, Florida, where comfort meets style in this meticulously designed townhome spanning over 1700 sqft. (2021 ROOF) (AC 2025) Nestled in a vibrant community, this home offers a perfect blend of convenience to shopping, theme parks and baseball and softballs fields right next door! As you enter, you're greeted by a fresh interior boasting BRAND NEW LUXURY VINYL FLOORING throughout the whole home. The spacious open floor plan seamlessly connects the living, dining, and kitchen areas, creating an inviting space for gatherings and everyday living. A BRAND NEW KITCHEN is ready to accommodate all your cooking and hosting needs with BRAND NEW SHAKER STYLE CABINETS, MODERN BUTCHER BLOCK COUNTER TOPS, and in-kitchen seating. Natural light floods the home and bedrooms, enhancing the warm homey ambiance. Retreat to the bedroom quarters which truly feels secluded from the rest of your living areas. On this side of the home three bedrooms with BRAND NEW LUXURY VINYL PLANK FLOORING offer peaceful sanctuaries for rest and relaxation. The secondary bath is FULLY RENOVATED with NEW MODERN TILE. The primary suite is a true haven, complete with a FULLY RENOVATED ensuite bathroom with NEW CABINETS, TOILET AND SHOWER, large walk in closet, and a massive bathtub, offering a serene escape from the hustle and bustle of daily life. Outside, your own private porch beckons you with dual sliding glass doors that slide like butter, to enjoy your morning coffee or soak in the Florida sunshine while overlooking the lush surroundings. Conveniently located near shopping, dining, entertainment, and major highways, this townhome offers the perfect combination of comfort and convenience. Whether you're seeking a permanent residence, a vacation getaway, or an investment opportunity, 1065 Universal Rest presents an unparalleled lifestyle opportunity in the heart of Kissimmee. Don't miss your chance to make this stunning condo your new home sweet home!
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.
