Price Reduced! Experience lakeside living at it's best! Don't miss this well- Maintained beautiful, spacious 2 bedroom, 1 bathroom condo on the second floor. located on the beautiful Lake Verona. Located in the heart of Central Florida, this residence is walking distance to Main Street Avon Park and the vibrant Donaldson Park which hosts the Annual Blueberry Festival. This Lakeside retreat offers easy access to sandy beach, public boat ramp, pavilions, playground, and tennis courts. Avon Park is often referred to as the City of Charm and is situated in Highlands County. This Location provides easy access to South Florida State College, a variety of restaurants, shopping and recreational activities and is only 30 minutes away from Bok Tower Garden and if you love bass fishing it's an hour away from Lake Okeechobee. Inside the home you will discover freshly painted walls with an open floor plan. This condo offers more space than most units, with the addition of new windows throughout the Florida Room adding an extra 16' x 8" of living space. This condo is Turnkey ready for you to move right in, or if you prefer to make it a rental. The choice is yours. Both the living room and dining room have been updated with laminate flooring. The kitchen and bathroom have title flooring throughout. The master bedroom features a walk-in closet, providing plenty of space for your shoes and clothes. There is a laundry room outside next door to the unit, that provides extra storage for your needs. The low $195/ monthly condo association fee covers water, roof, building upkeep, and lawn services. Community allows pets, no dogs over 40 lbs. Schedule your showing before it's gone.
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.
