*****ASSUMABLE 5% VA LOAN ***** SELLER OPEN TO CONTRIBUTING UPTO $10,000 TOWARDS BUYER CLOSING COSTS**** This Home is the perfect retreat, nestled in a peaceful & picturesque neighborhood, This gorgeous 3-bedroom, 2-bathroom home with a Flex Office space effortlessly combines modern elegance with everyday comfort a true sanctuary for those seeking both beauty and functionality. When you first Step inside you will fall in love with the open-concept design, where the living room, dining area, and kitchen flow seamlessly together ideal for entertaining guests or enjoying cozy nights in. The heart of the home is the chef-inspired kitchen, featuring pristine white quartz countertops, a spacious center island perfect for casual dining or meal prep, and a large walk-in pantry to keep everything organized and within reach. The formal dining room adds a touch of sophistication, perfect for hosting memorable dinners and family celebrations. When it's time to unwind, escape to your expansive primary suite, complete with a luxurious en suite bathroom and a walk-in closet spacious enough for even the most extensive wardrobe. Throughout the home, elegant tile flooring provides style and easy maintenance, while plush carpeting in the bedrooms and dining area adds warmth and comfort. step outside to the perfect spot to relax and enjoy your peaceful pond view in your completely fenced in backyard perfect for the kids to run around or your fur babies to stretch their legs with views of the conservation area where nature and wildlife thrive. The Epoxy-finished 2-car garage is great for durability with a polished finish. the community pool is perfect for sunny days & evening swims. The HOA currently managed by builder Meritage Homes until community completion. This exceptional home offers the best of Florida living — serenity, space, and style, all in a welcoming community. Don’t miss this opportunity to make it yours — schedule your private tour today and experience the lifestyle you’ve been dreaming of!
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.
