NEW PRICE ADJUSTMENT!!! Welcome to this stunning and unique, one-of-kind, architecturally designed, 3-bedroom, 2-bathroom home, meticulously maintained, boasting 2,089 sq. ft. of open living space. It is set in Heritage Springs, an upscale 55 + private, 18-hole golf community. The home features a spacious open concept design with soaring 10-foot ceilings in every room, creating an airy atmosphere, perfect for entertaining. The expansive, 8-foot sliding doors, invite an abundance of natural light, seamlessly connecting the indoor and outdoor space. You can enjoy your mornings or evenings on the extended-covered, screened-in patio. Throughout the home you’ll love the REAL hardwood floors that flow throughout, complemented by tile in the wet areas. The lush green space behind the home enhances its privacy, creating a tranquil retreat for enjoyment. The primary suite is a highlight, offering sliding doors to a private patio entrance, a walk-in closet, a linen closet, and a luxurious bathroom, complete with a nice tile shower with added ventilation and a water closet featuring a bidet. Two additional spacious bedrooms share a well-appointed bathroom, providing comfort for family, guests or even an office space. The kitchen opens to the dining and living room and includes; white cabinets and under the cabinet lighting, a handy broom closet and a pantry, maximizing storage space. The oversized garage and garage door can accommodate two trucks, large SUV plus additional storage. This home is designed for convenience. Extra features are insulated block exterior walls, a pest control line, new cam lighting, upgraded outlets, new toilets and faucets, a new garbage disposal and a propane tank. Residents enjoy access to a clubhouse with a highly rated restaurant, a golf course, tennis courts, Bocce, shuffleboard, gazebo for family parties, and a temperature-controlled lap lane pool and hot tub, all within a secure, gated community. This exceptional home combines comfort, style and a vibrant lifestyle, only minutes from shopping, dining, doctor’s offices and a close drive to the Gulf water or airport, making this home must-see. Schedule your private showing today.
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.
