BACK ON THE MARKET! Welcome to this beautifully updated two-story pool home, offering 5 bedrooms and 2.5 bathrooms, with spacious living areas and modern upgrades throughout. As you enter, you’re greeted by a bright open floor plan featuring formal living and dining areas, creating the perfect space for both everyday living and entertaining. The renovated kitchen features brand-new stainless-steel appliances, including a refrigerator, range, microwave, and dishwasher, plus a large walk-in pantry for added storage. Sliding glass doors lead directly to the screened covered lanai, overlooking the sparkling pool, perfect for relaxing or hosting guests year-round. The fenced backyard offers endless possibilities for outdoor entertaining and future enhancements to create your own private retreat. The oversized primary suite is located on the second floor and features dual spacious walk-in closets and a spa-style bathroom with dual vanities and upgraded finishes. Upstairs, the guest bedrooms provide ample space and flexibility, each offering generous closet storage and an updated layout designed for comfort. The open-concept layout seamlessly connects the main living areas, making this home ideal for entertaining and family gatherings. With no carpet and stylish tile and laminate flooring throughout, the home is both low-maintenance and move-in ready. The pool table may be included with the sale of the home if desired by the buyer. You will also enjoy access to community amenities, including a tennis court and a playground, and you are conveniently located near shopping, dining, schools, and major roadways. Schedule your private showing today!
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.
