**See the FULL-LENGTH VIDEO on Tour Link 1.**… Enjoy the GREAT LOCATION & CONVENIENCE of this well maintained 3 Bedroom/2 Bath Furnished Melody located steps from the NEIGHBORHOOD POOL and a short drive from the Marigold Gate. RECENT UPDATES include a NEW A/C 2023, NEW ROOF 2016 & NEW H/W HEATER 2014. Enter this home through the LEADED GLASS door and Phantom screen into your OPEN CONCEPT Great Room/Dining Room combo, featuring WOODEN LAMINATE floors, RECESSED LIGHTING, and 18” TILE in the wet areas. The Kitchen features a bright and airy space to enjoy your meals with a dinette space and breakfast bar for seating, MOSAIC backsplash, S/S FRENCH DOOR REFRIGERATOR, S/S APPLIANCES & tons of RECESSED lighting. The Owner’s Suite features DUAL WALK IN CLOSETS and the attached en-suite bath features DUAL SINKS, a LARGE WALK-IN SHOWER, and a separate Water Closet. The SPLIT FLOOR PLAN offers privacy for the 2nd & 3rd Bedrooms with the 2nd bath centrally located between the two. The All-Season Room offers some quiet space or can serve as an entertainment space, adjacent to the large covered screened lanai. A Separate Laundry Room has a newer Washer & Dryer and a utility sink. The TWO CAR GARAGE features shelving and an extra refrigerator. At 1786 sq feet, this home is a must see and perfect home to enjoy your time here in Solivita. ***Solivita is an active adult 55+ community located in Kissimmee, Florida. It is approximately 50 minutes from Disney World & the Orlando International Airport. Over 5,300 homes have been built in Solivita since the community started in 2000, with less than 50 new homes left to be built in mid 2024. Approximately 8,000 residents live in Solivita full time. Enjoy your active years in this piece of paradise. Solivita's amenities include: - a manicured SOFTBALL diamond & field - 36 holes of CHAMPIONSHIP GOLF that can be played by joining the Stonegate Golf Club or paying as you go - 2 STATE of the Art AMENITY centers with updated exercise equipment, yoga studio & meeting rooms - 3 restaurants - 14 HEATED POOLS - 17 PICKLEBALL courts - 9 TENNIS courts - 4 BOCCE BALL courts - 4 SHUFFLEBOARD courts - 3 HORSESHOE pits - a BILLIARDS room - miles of bike paths - 2 DOG PARKS (Small & Large Dogs) - Corn Hole - Tot Lot PLAYGROUND - COMMUNITY GARDEN - over 250 resident clubs. The HOA: * - maintains the LANDSCAPING & IRRIGATION systems in the common areas as well as at individual homesites - Maintains the roads throughout the community - PROVIDES SECURITY with gate guards and mobile patrols including the Polk County Sheriff - allows AUTOMATED GATE ACCESS for residents via license plate readers - provides residents with Fiber Optic Internet & TV service. *** Poinciana Lakes Plaza is a MAJOR NEW SHOPPING CENTER open directly across from the Solivita Main Gate, next to the HCA Poinciana Hospital. The Shopping Center features Sprouts Grocery, TJ MAXX, Ross, Burlington, Rack Room Shoes, 5 Below, Ulta, Outback, First Watch, 5 Guys, Urgent Care, Dentist, TD Bank, Petco, Hair Cuttery, Encore Nails & Spa, Coldstone Creamery & more***
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.
