Welcome to this beautifully updated Palm model home, ideally situated on a desirable corner lot in Oak Run Country Club. This exceptional residence features 3 bedrooms, 2 bathrooms, and an impressive array of upgrades throughout & fully furnished. A charming front porch creates a warm welcome as you enter the home. Inside, you'll immediately notice the stunning updates, including new tile flooring throughout the entire home. The spacious living room flows seamlessly into the dining area, highlighted by a large picture window that fills the space with natural light. The beautifully remodeled kitchen is a true standout, offering granite countertops, newer appliances, an attractive backsplash, and a large pantry for ample storage. Designed with a desirable split-bedroom floor plan, the guest bedrooms are located on one side of the home. The rear guest bedroom is especially spacious, measuring 16' x 13', and features a walk-in closet. The tranquil primary suite overlooks the backyard through a large window and offers generous space, a walk-in closet, and a private en-suite bathroom. The Florida room provides additional year-round living space with heating and air conditioning via a plug-in unit. Enjoy peaceful backyard views and added privacy with no rear neighbors. It's the perfect spot to savor your morning coffee while watching the birds or unwind with a glass of wine in the evening. This truly one-of-a-kind home offers the ideal setting to enjoy retirement while taking advantage of all the outstanding amenities Oak Run. Oak Run Country Club Amenities: Enjoy resort-style living every day with an incredible array of community features, including: 6 sparkling swimming pools for relaxation, lap swimming, and water exercise 5 soothing spas offering therapeutic benefits and peaceful retreat spaces 2 fully equipped fitness centers to support your health and wellness goals Pickleball courts, tennis courts, shuffleboard, and horseshoe pits for active fun and friendly competition Card room for bridge, poker, canasta, and more Ceramic studio for creative and artistic pursuits Billiard room with well-maintained tables for casual play or tournaments Thatcher Dog Park—an off-leash area where your dog can run, play, and socialize Driving range and a challenging 18-hole golf course for golf lovers This corner-lot home in Oak Run offers an exceptional combination of comfort, convenience, and lifestyle. Enjoy 55+ living with endless options for recreation and socializing.
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.
