WELCOME HOME to this beautifully maintained Cypress Model in the highly desirable gated golf community of Calumet Grove in The Villages! Best of all—NO BOND and a NEW ROOF (2020)! Take advantage of a LOW ASSUMABLE RATE OF 2.625%!! Offering 1,850 square feet of thoughtfully designed living space, this 3-bedroom, 2-bath home features a popular split floor plan and an abundance of upgrades throughout. From the moment you arrive, you'll be impressed by the stamped concrete driveway and walkway, lush tropical landscaping, stunning Magnolia tree, charming garden area, and welcoming covered front porch. Step inside through the elegant glass-inlay front door and discover an open, airy floor plan filled with natural light. The spacious kitchen is a chef's dream, showcasing granite countertops, modern cabinetry, matching appliances, abundant storage, and a cozy dining nook complete with custom built-in buffet and display cabinetry. The formal dining area flows seamlessly into the expansive living room, highlighted by an energy-efficient solar tube skylight and beautiful views of the enclosed Florida Room. This year-round retreat features glass-enclosed windows (not vinyl) and its own dedicated A/C unit, creating the perfect space to relax, entertain, or enjoy your morning coffee. The guest wing offers two generously sized bedrooms with large closets and a beautifully updated guest bath featuring granite countertops, modern cabinetry, and a tiled tub/shower combination. Privately situated on the opposite side of the home, the oversized primary suite is a true retreat with two large walk-in closets and ample space for even the largest bedroom furnishings. The luxurious ensuite bath boasts dual vanities, granite countertops, a wraparound makeup desk, private water closet, and a walk-in shower, creating a spa-like experience at home. Additional upgrades include a NEW HVAC system (2020), updated lighting throughout, epoxy-coated garage flooring, and exceptional curb appeal. Enjoy the lifestyle you've been dreaming of in one of The Villages' most sought-after golf communities. Schedule your private showing today and discover why this exceptional home is the perfect place to call your own!
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.
