Welcome Home to this Gorgeous 3 bedroom, plus bonus room/office, 2 bath, 2078 sq ft home with a 2 car garage. This dream home will impress with a plethora of high-end features & upgrades. The heart of the home, the upgraded gourmet kitchen, is a chef's delight with stainless steel Whirlpool appliances, including a convenient double oven with convection feature. The 42" Classic creamy white cabinets provide ample storage, complemented by the sleek quartz countertops and a beautiful tile backsplash. A spacious walk-in pantry keeps your essentials organized & accessible. The kitchen also offers Upgraded Pendant Lights, Upgraded Recessed Lighting, and A HUGE QUARTZ ISLAND that is Perfect For quick bites Or Serving Up Meals*The Kitchen Opens To The Spacious Family Room..Upgraded Porcelain Wood Look Tile Flooring Is In The Entire Home Except The Bedrooms..Upgraded Carpets In All 3 Of The Bedrooms*The OWNERS SUITE is spacious, dimensions are 12' x 17', and has Coffered Ceilings and is Situated Privately At The Rear Of The Home..Primary Bath Is Heavenly, and BIG (11' x 15') With A Large Soaking Tub, Upgraded Frameless Shower, Upgraded Faucets, Double Separate Vanities & A Private Water Closet-The Primary Closet is HUGE...measuring 7' x 6'* Window Blinds are Included With Ceiling Fans In Every Room*The Laundry Room Has Cabinets, Plus A Laundry Tub*Upgraded Brick Paver Driveway, Walkway, Front Porch, & Rear Pavered Porch/Lanai Is Huge, measuring 15' x 38' (with a Pergola.) Premium Vinyl Fenced Backyard As Well*Other Upgrades Include: Increased Square Footage was added by the builder adding to the Dinette Living Space--Upgraded Vinyl Fenced in Backyard---Additional half bathroom added to the home---Polished Nickel Faucets-ALL APPLIANCES INCLUDED (WASHER & DRYER), bidet & Garage Shelving*Ceiling Height is 9' 4"*Home Located in a GREAT SCHOOL DISTRICT* Close To UCF, Lockheed Martin, Siemens, The Desirable Waterford Lakes Area Shopping/Restaurant District & convenient access to major highways like SR 408, SR 528, and SR 417, making commutes effortless.*
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.
