NEW LISTING! WELCOME TO 1596 HYSSOP LOOP. This 1997 SQFT POOL HOME built in 2019, has a plethora of upgrades. This stunning 3-bedroom, 2 living areas 2-bathroom and 2 car garage haven is nestled in Del Webb Cypress Falls at the Woodlands, an exclusive 55+ gated community tailored for active adults. Situated just a short drive from the Gulf beaches, this residence boasts impeccable curb appeal with upgraded landscaping that sets the tone for what lies beyond. Walking up to the front door you are greeted by a screened-in front entry, a prelude to the elegance that awaits within. The spacious entry hall beckons you further into the home, where you'll find 8' doors and window treatments adorning every window, exuding a sense of refined luxury. High-quality ceiling fans grace each bedroom, ensuring comfort throughout. The heart of the home is its expansive open-concept living space, ideal for hosting gatherings with loved ones. An optional bedroom not generally seen in this Summerwood model is ideal for a hobby or craft room. The kitchen is a chef's dream, boasting an upgraded appliance package, quartz countertops, a tile backsplash, and 42" upper cabinets surrounding a large island. Meanwhile, the primary bedroom, tucked away at the rear of the home, offers tranquility and serenity with its picturesque view of a pond and preserve. The primary bathroom is a sanctuary unto itself, featuring a spacious walk-in shower with upgraded tile, a tall vanity with dual bowls, and quartz countertops. A large walk-in closet with ample shelving provides plenty of storage space for your wardrobe. Conveniently located near the garage is the large laundry room with plenty of room for storage and room for all your laundry needs. Step outside from the Dining room area through the Zero Radius doors onto the large lanai with a covered extension that encloses the heated saltwater pool and overlooks the pond and preserve—a perfect setting for outdoor entertainment and relaxation. This Lanai has REMOTE ROLL DOWN FABRIC HURRICANE SCREENS THAT ALSO ACT AS WIND GUARD AND RAIN PROTECTION, PLUS SLIDER PROTECTION ON SMALLER WINDOWS AND ACCORRDION SHUTTERS ON ALL OTHER WINDOWS. The garage, with its 4' extension and epoxy floor, offers ample space for vehicles, golf cart parking. Cypress Falls delivers an unparalleled lifestyle with a resort-style clubhouse, sparkling pools, state-of-the-art fitness center, tennis and pickleball courts, bocce, horseshoes, and a full calendar of social events curated by a full-time Activities Director. With an array of clubs and opportunities to connect, this vibrant community offers something for everyone. Experience the perfect blend of luxury, comfort, and active living—this exceptional home and community truly have it all. COME SEE FOR YOUR SELF!
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.
