One or more photo(s) has been virtually staged. Seller may consider buyer concessions if made in an offer **WELCOME HOME** Newer build townhome in the desirable Ambergate community offering the ideal blend of modern convenience and LOW MAINTENANCE LIVING! This well maintained 3-bedroom, 2.5-bath floor plan features a spacious OPEN CONCEPT first floor with bright living and dining areas open to a MODERN KITCHEN. The home chef will appreciate the many upgrades – granite countertops, STAINLESS STEEL APPLIANCES, rich solid wood cabinetry, a tiled backsplash, pantry storage, REVERSE OSMOSIS WATER FILTRATION, and a large ISLAND with bar seating, perfect for entertaining or casual meals! FRENCH DOORS open to a cozy patio overlooking green space and a peaceful tree-line with NO REAR NEIGHBORS, creating a tranquil retreat. The second floor delivers a generous PRIMARY SUITE complete with a WALK-IN CLOSET offering custom built-ins and a private en-suite bath – along with two additional bedrooms, a second full bath, and a convenient laundry room. Additional highlights include easy care TILE FLOORS and a half bath on the main level, plush carpet in the bedrooms, and ample parking with a paver driveway, 2-CAR GARAGE, and guest spaces nearby. The community’s LOW HOA includes access to a playground, and the charming streetscape offers differently styled exteriors for great curb appeal. Centrally located just off Sheeler Ave and Apopka Blvd with easy access to 436 and 441, you are just minutes from shopping, dining, Lake Apopka, and local state parks. Whether you are in the market for your first home, a MOVE IN READY upgrade, or a solid investment, this Ambergate townhome delivers – call today to schedule a tour!
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.
