Enjoy a family-friendly lifestyle in Lakewood Ranch without the CDD fees! This spacious residence boasts a prime location across the street from a park, perfect for afternoons spent outdoors. Step inside to discover a host of modern conveniences, including a Ring doorbell for remote video and intercom access. French doors usher you into a spacious office, while the exquisite living and dining areas are bathed in natural light from expansive windows. The home features 9-foot ceilings on the first floor, complemented by 5” baseboards and 8’ high doors and closets, lending an air of grandeur to the space. A culinary haven awaits in the adjacent great room, boasting a gourmet kitchen equipped with a state-of-the-art double oven controllable via smartphone. Revel in the granite countertops, solid wood shaker cabinets, and stainless steel appliances, including a 36" glass top stove and soft-close drawers. A butler’s pantry and walk-in food pantry offer ample storage, while the kitchen seamlessly flows into a large eat-in area with 12' sliding doors opening to a spectacular pool and meticulously landscaped surroundings. Entertain effortlessly in the custom outdoor kitchen, complete with a concrete countertop, built-in grill and griddle, and ample storage space. Savor the ambiance with ceiling speakers and a wired lanai for outdoor entertainment. Retreat to the master suite featuring his-and-her vanities, a spacious walk-in shower, and a custom walk-in closet with rotating shoe racks and a sizable safe. The home also features three additional bedrooms on the first floor, with an expansive living room and extra bedroom upstairs. Practical amenities include a laundry room with matching cabinetry, a three-car garage with epoxy-coated flooring, hurricane shutters, and plumbing for a water softener. Designed with energy efficiency in mind, this Energy Star Certified home boasts an HVAC system, spray foam insulation, Low E-3 windows, and a programmable thermostat. Enjoy the ease of Weather-sensing Wi-Fi Irrigation, in-wall pest control, exterior sound system speakers, and Sherwin Williams paint throughout. Serenity Creek offers gated security, a playground, and a dog park, all with low HOA fees and no CDD fee. Conveniently located near I-75, this home provides easy access to schools, shopping, and all the amenities Lakewood Ranch has to offer. Room Feature: Linen Closet In Bath (Primary Bedroom). Home has been vacated and is move in ready. ##NEW ROOF 11/27/2024##; ## NEW A/C 10/04/2024##
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.
