***ASSUMABLE VA LOAN AT 2.25%!!!*****. Stunning Lake Views & Exceptional Upgrades – A Home You’ll Fall in Love With! Welcome to your dream home in the sought-after Hampton Lakes section of River Hall, where elegant design meets serene waterfront living. Built in 2018, this meticulously maintained Marina floor plan offers 3 spacious bedrooms, 2 bathrooms, and an extended lanai designed to maximize enjoyment of the breathtaking lake views. From the moment you arrive, you'll be captivated by the exceptional curb appeal, featuring updated landscaping, and a brick paver driveway. Prime Oversized lot Advantage: Enjoy the luxury of an oversized lot upgrade, meaning you only have 1 neighbor—offering enhanced privacy, quieter surroundings, and more open space to relax and entertain. Imagine sipping morning coffee or hosting evening gatherings on the expansive 10x26 lanai, with plenty of room in the backyard to add a pool. Inside, the open-concept layout boasts granite countertops throughout, large tile flooring in main areas, and a stylish modern kitchen equipped with a central island, stainless steel appliances including a BOSCH dishwasher and Samsung range, a designer backsplash, and a pantry. A sliding glass door seamlessly connects the kitchen to the lanai, creating an ideal indoor-outdoor living space. The owner's suite includes double sinks, a tiled shower with premium fixtures, and a generous walk-in closet, while all bedrooms feature plush carpeting, ceiling fans, and ample storage in their walk-in closets. This home is loaded with upgrades. The extended 2-car garage provides extra storage or workshop space. Located in a gated community with resort-style amenities like a 14,000 sq ft clubhouse, lagoon pool, fitness center, tennis/pickleball courts, and miles of walking paths, this property is perfect for permanent residence or seasonal escape. Priced to sell quickly in Alva's desirable River Hall enclave—schedule your private tour today and don't miss this one-of-a-kind gem!
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.
