This home has it all! Beautiful 4 bedroom, 3.5bath pool home on over half an acre that backups to the Wanderers Golf Course. No detail has been overlooked in creating a home that showcases the finest in details. The home features all-new impact windows and doors, including an impact-rated garage door, plus a 22KW whole-house generator powered by a 500-gallon buried propane tank (servicing the generator, BBQ, cooktop, and water heater). A Rinnai gas tankless water heater provides endless hot water. Additional upgrades include a whole-house water softener and filtration system, regularly maintained septic (pumped every six months), and a well-fed underground sprinkler system with WiFi capability. A true chef's kitchen showcasing custom cabinetry, leather-finished quartzite countertops, and a marble backsplash. Premium appliances include a 48" dual-fuel range by Viking, a 42" side-by-side refrigerator by Sub-Zero, microwave drawer, and WiFi-enabled GE Monogram dishwasher. A Zephyr 48" 1200 CFM vented hood, dual sinks with disposers, pot filler, under-cabinet lighting, illuminated display cabinetry, coffee bar with water line, and two wine chillers round out the space. The renovated and refinished pool (2019) is heated via heat pump and surrounded by elegant marble decking. The expansive screened lanai includes an outdoor kitchen featuring a Blaze BBQ and double side burner, vented range hood, sink with disposer, ice bin with drain, beverage center, storage drawers, and two mounted 50" TVs. An outdoor shower completes this private backyard retreat. The laundry room is equipped with built-in cabinetry, quartzite counters, tile backsplash, and integrated laundry hampers. Pet lovers will appreciate four custom pet cubbies (one with metal door). Appliances include two LG Wash Towers and an LG Steam Refresher. The garage is highly functional with built-in cabinetry, side-by-side refrigerator, GE wall oven/microwave combo, Wolf warming drawer, bamboo workbench with metal top, metal shelving, Level 2 EV charger, and new garage door opener. The kitchenette area is finished with durable rubber dog-bone pavers. This home is perfect for buyers seeking move-in-ready quality with elevated indoor and outdoor living. Located just minutes away from Binks Forest Elementary, Wellington Landings Middle, Wellington High School, WEF Showgrounds and 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.
