Immaculate 4 BR, 3FB Contemporary SF home with 3-car garage on nearly a 1/3 acre lot. Nestled in South Fork Community featuring community pool and park. As you enter this William Ryan Homes, Sandestin Model, you see this well designed, open floorplan with tiled living room, dining room, kitchen, hallways and baths. Huge living room with adjacent Den. Open and bright Kitchen with Stainless appliances and deep, rich cabinetry and granite counters and nearby Breakfast Room with wonderful view of Parkland. Massive Great Room off Kitchen also perfect for dining and relaxing. Walkout to relaxing screened-in, covered Lanai with decorative beautiful brick flooring. Extra large, separate Laundry with new front loader Washer & Dryer plus lots of built-in cabinetry and passthrough to garage. Pantry with ample shelving and upright freezer conveys. At the end of the day, you'll find this lovely oversized Main Bedroom with bay window overlooking parkland. Owner's Bathroom has dual sinks, an oversized walk-in shower with with dual raindrop and front shower heads. Next walk into your California-style, wrap-around custom closet organizer. Three more Bedrooms with ample closet space. Two full bathrooms tucked in hallways for great privacy. All the Bedrooms have new carpet installed. Ceiling fans throughout provide cool breezes. A Solar Panel System was installed in 2021 (paid in full). Documented monthly power bills as low as $14/month, depending usage. A portable 3500 watt generator, transfer switch and whole-home water filtration system all convey. The property has a fully fenced backyard with automatic sprinkler system. Indoor AC unit has been retrofitted with new components and both units serviced regularly. Don't forget the home buyer's 1 year warranty for peace of mind. Easy access to travel routes, shopping and more! Everything is here for your new home!
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.
