NEW ROOF INSTALLED! FABULOUS HOME ON GOLF COURSE ~ Move-In-Ready! This lovely residence is well-maintained and meets the desirable features of open concept design, cathedral/vaulted ceilings, Plantation Shutters Thru-Out, split bedrooms, tile flooring, plenty of overhead fans and a screen lanai for enjoying our beautiful Florida weather. The covered front entry is welcoming inside to the living room with a soaring cathedral ceiling, built-in entertainment center and seamless access to the lanai with gorgeous golf course views. A formal dining room and a breakfast nook flank the kitchen which is outfitted with stainless appliances, tile backsplash and a pantry. The private primary suite has a walk-in closet, a secondary wall closet and the en-suite bathroom features, raised panel cabinetry with a decorative sink and walk-in shower of tile and glass. The additional bedrooms are positioned on the opposite side of the home with a full bathroom to share. An inside laundry room is conveniently located. The lanai is a lovely space to relax or entertain, there’s access from the living room, as well as, the dinette offering a view of serene landscaping, shade trees and the golf course. This unique lanai has a covered seating area with ceiling fan and a birdcage screened area to star gaze or take in a little sunshine. This Meadow Oaks home perfectly blends comfort, style and a picturesque setting. The community features a lovely clubhouse, restaurant, pool and an array of amenities. Bicycle, stroll or cruise in your golf cart to experience the surroundings or enjoy the community 18-hole golf course at your leisure. This home is move-in ready and waiting for you. Close to the Suncoast Parkway for an easy commute to Tampa/ St. Pete. Schedule your visit today, you’re going to love it here!
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.
