LOOKING FOR A GENEROUS AMOUNT OF SPACE AND VERSATILITY? Welcome Home! This property (The Ammolite) boasts 3106 heated square feet with a BONUS FLEX SPACE including its own private living area, private bedroom and full bathroom! Shut the front door and LOOK NO MORE. This property is only 4 years old and has been meticulously maintained by the owners. UPGRADES GALORE! Seller went the extra mile to ensure nothing was overlooked. The exterior features stone trim, dual pane Low E Vinyl Windows with vinyl frames, a fully fenced perimeter, outdoor sprinkler system, outdoor security wiring, and flood lights in the back. Inside, neutral toned tile runs throughout the first floor, oversized baseboards catch the eye and extra windows providing so much natural light! The kitchen is equipped with upgraded stainless steel appliances, 42 inch wood cabinets, and QUARTZ countertops throughout. Additional recessed lighting was added during the build-out as well as additional carpet padding which explains why the carpets are in great condition! Each bathroom offers cultured marble countertops and tile flooring. The A/C was just serviced, the home has carried Termite Protection through Massey and it comes fully equipped with a Water Filtration System featuring Reverse Osmosis and SOLAR ensuring you have no high electric bills! This home features extra outlets, a MASSIVE master walk-in closet, and garage plumbing too! Are you interested in assuming a loan with a LOW RATE ? Just ask! This community has a very low HOA and includes a playground and resort style pool. Horizons Elementary School is located directly behind this home. Location is always important! This property is central to hospitals, restaurants, shopping, Walt Disney World, Lego Land, Colleges and much more. Seller is motivated and welcomes you for a showing. This well cared for 5 bedroom 3.5 bath will not disappoint so call your agent now!
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.
