Enjoy luxurious living in this GL Homes Barbados model, built in 2021. Plenty of room with just under 2,300 Sq.Ft, 3 bedrooms plus 2.5 baths. Located in Valencia Del Sol, a premier 55 plus resort style gated community with guard. A 3-car tandem garage provides ample space for your cars, plus offers flexibility. The tandem portion is currently walled in to use as an office, with a wall unit air conditioner. Can be removed, if desired. As a backup system, the home offers a Generac 24 KW whole home generator. Sturdy tile roof with a water-resistant barrier and hurricane clips. Split floor plan offers comfort and convenience with the master suite in the rear of the home with study/ 2nd bedroom and 3rd bedroom at the front of home. Bright and airy kitchen with zero post sliding glass doors to enjoy the water view without obstruction. Kitchen also features casual dining, quartz countertops, tiled backsplash and stainless-steel appliances. Spacious great room offers plenty of space for entertaining and features coffered ceilings, sliding glass doors to patio / lanai to enjoy the water view. Coffered ceilings in the master bedroom and foyer. Oversized master bedroom with plenty of closet space plus spacious en-suite that features a jacuzzi shower and dual vanities. Laundry room features large sink, cabinets and a convenient work area. Storage and linen closets adjacent to laundry room. The screened in lanai with built in electric sun screens is perfect for entertaining or to relax and enjoy the water view. Outdoor kitchen with refrigerator and natural gas grill. The outside A/C condenser unit has been replaced. Enjoy the Florida lifestyle with the many amenities and social activities this community offers. A 25,000 sq. ft clubhouse with a full-time director, fitness center, arts & crafts and card room. Have a leisurely meal in the clubhouse restaurant. Outdoor amenities include a resort style pool, pickleball, tennis and bocce ball courts and a dog park. Conveniently located near Tampa, Sarasota, St. Pete with easy access to Tampa International Airport, beaches, shopping, entertainment and health care facilities. Approximately 90 minutes to Wald Disney World.
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.
