WELCOME to this OUTSTANDING SANTINI model within the highly regarded ACTIVE ADULT GATED 55+ Community of the Esplanade at Highland Ranch in the Rolling Hills of Clermont. This Santini has over $110,000 in DESIGN UPGRADES. Upon entry you will be greeted by an ABSOLUTELY GORGEOUS, OPEN SEE THROUGH Floor Plan. This 2 Bedroom, 2.5 Bath, 2,356 sq ft ONE STORY offers GENEROUS room sizes. The GOURMET KITCHEN is a Chef's delight featuring UPGRADED Stainless Steel BUILT-IN Appliances, Adventium Convection Microwave, Wine Fridge, QUARTZ Countertops, Stainless Steel Apron Sink, Pendant Lighting over a BEAUTIFUL ISLAND with Island Knee Wall Cabinets, and BREAKFAST BAR. You will also appreciate the UPGRADED 42" Solid Wood Cabinetry with Oversized Crown Molding and 2 Great PANTRY's in addition to the Butlers Pantry with a Full Size Deep Sink. You are sure to be impressed with the GENEROUS size of the Primary Suite with a Tray Ceiling and Bay Window Upgrade. The Primary En-Suite offers a large WALK-IN SHOWER with a Built-In Bench, Comfort Height DOUBLE SINK vanity, separate water closet and a CUSTOM ORGANIZED WALK-IN CLOSET. Bedroom 2 has its very own En-Suite for the convenience of your guests. There is Half Bath just off the foyer. Additionally you will find a flex space with French Doors that can accommodate a Office/Den/Study or a separate sitting room. The LAUNDRY room offers a Custom Broom Closet, an Abundance of Upper and Lower Cabinetry for additional storage and a Sink for your convenience. Some of the offered upgrades are 2 Floor Electrical Receptacles in Great Room, Mohawk Rev Wood High-Performance Water Resistant Laminate flooring in the Main Living Areas, Ceiling Fans, Upgraded Wall and Floor Tile in the bathrooms and laundry room, 10' CEILINGS THROUGHOUT, Tray Ceilings in the Family Room and Primary Bedroom, Crown Molding in the Main Living Area, Primary Bedroom and Office, 8' Interior Doors throughout, Rain Gutters, Lanai Power Roll Down Shades, Natural Gas Stub for your BBQ Grill and 3 Ceiling Fans on the Lanai, FENCED REAR YARD, OVERSIZED 2 CAR GARAGE with a Side Garage Service Door and a Second Floor Air Conditioned Storage/Studio Area, Professionally Painted Garage Floor. ENERGY EFFICIENCY IS EXCELLENT due to the Double Pane Low E vinyl windows, R-38 Ceiling Insulation and a Tankless Gas Hot Water Heater for an endless supply of hot water. The HOA offers RESORT STYLE Community Amenities that include a Pool, Spa, Resistance Pool (all heated), Pro-Style Tennis and Bocce Ball Courts, Pickle Ball Courts (All of the Sports Courts are Lighted for Night Time Play), Fire Pit, Billiards, Table Tennis, Card Room, Movement Studio, Many Clubs and Activities, Outdoor Kitchen and a Dog Park for our Furry Friends to enjoy. The HOA fee includes the Lawn and Shrub Care, Fertilizing, Mulching, Irrigation System Maintenance, Amenities, on Site Lifestyle Director, Gates, Roads and so much more. The Esplanade At Highland Ranch is a sought after community close to Hospitals, Medical Offices, VA, Shopping, Publix, Target, Home Depot, Lowes, Starbucks, Restaurants, Golf Courses, Disney and Other Attractions, National Training Center (NTC), Boating and the Quaint Downtowns of Clermont and Winter Garden. For your traveling convenience, the Esplanade is within a few minutes to the Florida Turnpike with easy access to OIA (30 minutes). The Esplanade at Highland Ranch DOES NOT have a CDD.
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.
