Location, location. This colony 2/2 patio villa is in a perfect location for access to golf courses, shopping and the town square at Sumter Landing. It is located in the Eagle Ridge Villas of Liberty Park. You will notice as your drive up that the driveway has been widened to have room for two cars and is beautifully painted as is the walkway. There are awnings on the front and side of the home. Enter through the enclosed lanai and you will enjoy the Chattahoochi flooring and a nice place to relax. The shades also provide privacy. Once inside this lovely villa you will see the new lights and fans that give it a nice upgraded look. The flooring in the livng and dining areas is bamboo. The kitchen is spacious enough to accomodate a nice table and chairs. Flooring in the kitchen is luxury vinyl tile. All of the appliances are stainless steel. The counter tops are a unique crystal product. The range is gas and there is a new disposal. Enjoy the decorative remote control fan in the kitchen while you do your laundry behind the glass sliding doors. There is also a nice pantry in the kitchen. Both bedrooms have closets and carpet flooring. The Primary closet is a good sized walk-in. The Primary bathroom has a shower and the guest bath has a tub and shower and the cabinets have been painted. Flooring in both bathrooms is also luxury vinyl tile. The one and a half car garage has a new opener. The roof was replaced in 2020 and there is instant tankless hot water. HVAC is 2018. All new windows have been installed as well as patio doors. The ducts were also cleaned in 2024. Home is power washed every six months. Fire $320.71, Maint. $214.74, Bond Maint $457.38, Bond balance is $2,757.27
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.
