One or more photo(s) has been virtually staged. Welcome to this beautifully well-maintained 4-bedroom home in the quiet and desirable community of The Glen. This move-in-ready home offers major updates for peace of mind, including a new AC system (2025), new water heater, new carpet in the bedrooms, new low-maintenance vinyl plank flooring, and fresh interior paint throughout. The stove is approximately one year old, and a new sliding glass door has also been installed. The roof will be replaced by the seller prior to closing with an acceptable offer. Step inside to an open and airy floor plan filled with natural light. The spacious living area flows seamlessly into the kitchen, featuring ample cabinetry, stainless steel appliances, a new microwave, plenty of counter space, and the convenience of two sinks. The functional layout also includes two pantries and generous storage throughout. Large windows and the new sliding glass door lead to a screened-in patio and private oversized backyard with plenty of space to relax, entertain, garden, and more. The outdoor area has also been updated with new fans and new screens.Septic system inspected about a year ago, a dedicated laundry area, and a two-car garage with epoxy floors. Conveniently located just minutes from shopping, dining, major hospitals, and The Villages. Just 2 miles from Fruitland Park amenities, including a public pool, pavilions, picnic areas, youth sports, movie nights, park days, and an annual BBQ cookoff. Enjoy nearby Lake Griffin State Park with boat access to the Harris Chain of Lakes, and just 10 miles to Brownwood for live music, dining, and entertainment. Tucked in a peaceful, friendly neighborhood, this home offers the perfect balance of privacy and convenience. 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.
