CLICK ON 3D INTERACTIVE TOUR ABOVE ------- GORGEOUS HOME FEATURING PEACEFUL WATER VIEWS & NO BACKYARD NEIGHBORS PLUS 2 PRIVATE BEDROOM SUITES! Welcome to retirement living at its finest in the GATED 55+ community of VERONA, where you'll feel like you're on vacation every day! This immaculate and "LIKE NEW", PALISADE model boasts almost 2200 sq ft and features 2 BEDROOM SUITES, 2 1/2 BATHROOMS + DEN. You'll love the elegant touches throughout, such as crown molding, high tray ceilings, tasteful decor and neutral ceramic tile flooring. The gourmet eat-in kitchen is certainly the center of this home, with plenty of 42 inch wood cabinetry, stainless appliances, granite counters & pretty backsplash, huge counter height island for extra casual seating as well as a separate entry to the lanai. The comfortable great room/dining room combo is the perfect space for all your entertainment needs and has a wall of sliders for easy access to the lanai area. The den/office is a great versatile space and can even be used for a 3rd bedroom if needed. For an added bonus, this home has 2 spacious & private owners' suites, both with plenty of closet space and lovely ensuite bathrooms with walk-in showers & granite vanity counters. When you want to relax & unwind, the expanded, covered & screened lanai (completely wired & plumbed for an outdoor kitchen) is where you'll want to be to enjoy the serene water views and various birds & wildlife. When you feel like lounging poolside, this home is just up the street from the private neighborhood heated pool. For worry free living, the new owners will receive a 1 YEAR HOME WARRANTY. ALL FURNITURE IS AVAILABLE FOR SALE. The private Club Renaissance is just a quick golf cart ride away, where you can enjoy dining, drinks, fitness classes, resort-style pool, spa, social activities PLUS you'll have access to all Sun City Center amenities including shopping, restaurants, banking, doctors, numerous social & sports clubs and so much more. So come a view this beauty today & see why you'll want to call it yours!
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.
