3 BEDROOMS PLUS OFFICE, HEATED SALTWATER POOL WITH DUAL WATERFALLS, HALF ACRE FENCED LOT, LARGE SHED, AND YES -- YOUR VERY OWN CHICKEN COOP. BUILT IN 2022 WITH SO MANY UPGRADES THIS ONE FEELS LIKE A MODEL HOME! Prepare yourself. This one makes you slow down when you drive by. Stone accents, manicured landscaping, and a DOUBLE DOOR FRONT ENTRY set the tone before you ever step inside -- and what's inside will not disappoint. Built in 2022 and better than new. This is not a builder-grade house someone moved into and left alone. Every detail has been elevated. WOOD-LOOK CERAMIC TILE FLOORING runs throughout, 10-FOOT FLAT CEILINGS open everything up, and an 11-FOOT TRAY CEILING in the living area adds the kind of architectural detail you usually only see in model homes. Because that is exactly what this feels like. The OFFICE WITH DOUBLE GLASS DOORS is a standout. A huge window looking out to the front of the property -- bright, private, and functional. Work from home never looked this good. The DREAM KITCHEN delivers. Granite Countertops, a Large Island, and an open concept layout that flows directly into the living and dining areas. The dining space is generous enough to actually use. This is the kitchen people gather in. The PRIMARY SUITE is 12x20 -- yes, you read that right. Tray Ceiling, Luxury Plank Flooring, and His and Hers Closets. The kind of bedroom you do not want to leave in the morning. Now step outside. The Large Covered Lanai leads you to the HEATED SALTWATER 12x28 POOL built in 2022 -- Screen Enclosed, RGB LED Lighting, and Two Waterfalls. It is private, it is gorgeous, and there are no neighbors in sight. The FULLY FENCED BACKYARD also includes a 12X24 SHED, a Chicken Run, and the most charming CHICKEN COOP you have ever seen. Half Acre Lot on a Paved Road. This is the backyard people build their whole lifestyle around. No HOA. No CDD. No Flood Zone. Minutes from Homosassa, Weeki Wachee Springs, and Hernando Beach -- all the best of coastal Hernando County right at your doorstep. Why go through the stress of building when someone already did it better than you could have imagined. Come see it before someone else does.
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.
