PRIVATE, SECLUDED, CUSTOM-BUILT 5 bedroom 3 bath Estate with an attached 2 car garage nestled on a wooded 2.2 acre lot that sits one lot away from the Hammock Florida state owned property. Acreage and privacy for horses, chickens, goats and other farm animals, and pets. This custom split-floorplan home sits on its own private wooded drive that features 2 Master suites with Ensuite bathrooms. The primary master suite has engineered hardwood floors, 14' tray ceilings, triple bay windows with seating and storage and access to the pool. His and her vanities are complete with a jetted tub for your relaxation and a large quadruple-head walk-through shower. Second Master features a private bath with tub and tiled shower combo. The laundry room with washer and dryer hookup includes a laundry tub and wooden cabinetry. The grand 19' entry captures your attention as you walk into the open living room with engineered hardwood flooring and 14' tray ceilings with a custom stone mantled gas fireplace that walk you out the double French doors to the enclosed custom tiled pool. The kitchen features are completed with Corian counter-tops, wood cabinets and stainless steel appliances. The stove is set up for electric or gas. The backyard comes with a fire-pit area, a 24x12 utility shed with electric, water and central AC/heating which can be used for a workshop, detached home office, hobby room etc. There is another small shed for storage and a covered storage area for all your toys-four wheelers/kayaks/tractor/lawn mower, etc. The homestead is completely fenced. If you've been looking for a secluded, private, country home with the city convenience and amenities just 20 minutes away, come see it for yourself!! Schedule a showing today!! AC 2015, Roof 2023, 14x28 Swimming Pool 2022, 30x45 Screened Pool Enclosure 2022-Electric generator hookup and LP gas hookup by the pool for gas grill.
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.
