MOVE-IN READY WITH A BRAND-NEW ROOF (2024) IN THE HIGHLY SOUGHT-AFTER WELLINGTON AT SEVEN HILLS! Welcome to this beautifully maintained 3-bedroom, 2-bath Bluebird model located in one of Spring Hill's premier 55+ gated communities. If you've been searching for a home that offers peace of mind, modern updates, and an active Florida lifestyle, your search ends here. From the moment you arrive, you'll notice the pride of ownership throughout. Unlike many homes in the community, this property features a NEW ROOF (2024), UPDATED SIMONTON WINDOWS AND SLIDERS WITH A TRANSFERABLE LIFETIME WARRANTY, and numerous interior upgrades already completed—saving the next owner thousands in future expenses. The thoughtfully designed floor plan offers spacious living areas filled with natural light and an inviting atmosphere perfect for both everyday living and entertaining. The updated kitchen is the heart of the home, featuring Cambria Quartz countertops (backed by a fully transferable lifetime warranty), solid wood cabinetry, stainless steel appliances, a country-style sink, pantry, and ample workspace. The adjoining living and dining areas flow seamlessly into the enclosed lanai, creating additional year-round living space to relax, unwind, or host family and friends. The private owner's suite offers a peaceful retreat with a walk-in closet and a beautifully updated bathroom featuring dual vanities, a soaking tub, and a frameless walk-in shower. A desirable split-bedroom floor plan provides privacy for guests, while the versatile third bedroom can easily serve as a home office, hobby room, or den. Enjoy the resort-style lifestyle The Wellington is known for, including a 24-hour manned gate, heated pool, clubhouse, tennis and pickleball courts, fitness activities, bocce, billiards, library, and a full calendar of social events. Experience the lifestyle you've worked for while enjoying the peace of mind of a truly move-in-ready home. Schedule your private showing today before this exceptional opportunity is gone.
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.
