One or more photo(s) has been virtually staged. Customized Citrus Model in Oxford Oaks | Near The Villages | Partially Turnkey | Gated Community + Oversized Garage Partially turnkey convenience - this beautifully customized 3BR/2BA CITRUS MODEL offers a desirable SPLIT FLOOR PLAN - SCREENED LANAI - SPACIOUS FRONT PORCH - and an OVERSIZED GARAGE. The main living area features a CUSTOM-PAINTED TRAY CEILING seamlessly coordinated with CUSTOM KITCHEN CABINETRY - creating a cohesive, elevated aesthetic. The kitchen is both stylish and functional with SLEEK QUARTZ COUNTERTOPS - a FARMHOUSE SINK - and thoughtfully updated finishes. Interior highlights include FARMHOUSE-STYLE LVP FLOORING - PLANTATION SHUTTERS - MODERN CEILING FANS - and CUSTOM SLIDING BARN DOORS that add character while creating separation and enhanced privacy for the PRIMARY SUITE WING and BEDROOM 3. The home also features a WHOLE-HOME WATER FILTRATION SYSTEM - supporting overall water quality and everyday wellness. The OVERSIZED GARAGE (APPROX. 23 x 23) offers exceptional utility with WALKABLE ATTIC ACCESS - WOODEN SHELVING - and ADDITIONAL STORAGE CABINETS. Partially turnkey opportunity - Included with the home: 70” TV and mount in living room - OUI SURROUND SOUND SYSTEM - BLACKSTONE GRILL - LIVING ROOM SET - BARSTOOLS - plus SAMSUNG WASHER & DRYER and STAINLESS-STEEL APPLIANCES. Located in OXFORD OAKS - an established GATED COMMUNITY WITH A LOW HOA - offering RESORT-STYLE AMENITIES including a community pool - pickleball - tennis and basketball courts - plus a park and playground - all within a GOLF-CART-FRIENDLY NEIGHBORHOOD known for its welcoming community feel. Residents enjoy proximity to HIGHLY REGARDED CHARTER SCHOOLS - as well as nearby local U-pick family farms - wineries - fishing lakes - nature preserves - and scenic walking trails. Just minutes away - enjoy THE VILLAGES® TOWN SQUARES - offering waterfront dining - shopping - and NIGHTLY ENTERTAINMENT 365 DAYS A YEAR. Conveniently located near HWY 301 & CR 466 - with easy access to Florida's Turnpike and I-75 for commuting - travel - and weekend getaways.
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.
