Welcome to the Springs! 3 bedrooms/3 bathrooms two stories, fully REMODELED townhouse in the Springs, Live Oak Village. Walk through a private courtyard and enter a home filled with natural light. The living room features a wall of windows which overlooks a quiet and private outdoor FENCED yard with low maintenance artificial turf and a wraparound deck perfect for relaxing or for entertaining family and guests. The living room includes a wood burning fireplace, high vaulted ceilings and electronic blinds. The kitchen features granite counter tops, wood cabinets with soft shut feature, stainless steel appliances, a huge island and the dining room. Tile was installed in 2024 throughout 1st floor. The dining room leads to an outdoor boardwalk that connects to the large outdoor entertaining space. There is a bedroom and full bathroom with a shower/tub downstairs. Once upstairs you will enter a huge master suite with an oversized newly designed walk-in closet and a master bathroom with a large shower. The third bedroom has its own private bathroom with a shower/tub. TWO AC units (less than 5 years each). The home features a water softener and reverse osmosis system. You will find lots of storage in the home (under the stairs and by the entrance).The home was fully repiped in 2024. TWO car garage with washer/dryer. New Roof to be installed prior to closing. Live Oak Village features its very own beautiful community pool just steps away from the home. You are just a short walk from the PRIVATE natural crystal clear Spring and river. The Springs is a spectacular community, 24 hour guard gated with hourly patrol. The Springs community offers a swimming pool, basketball court, horse stables, playground, clubhouse, RV and boat storage, tennis and pickleball courts (under construction), walking and jogging trails, nature trails abutting the Little Wekiva River, picnic/ barbecue area and the beautiful natural crystal clear Spring! A fun and entertaining community for all, year round (movie nights under the stars, community Holiday celebrations, food truck nights and more). Top rated school zone, close proximity to I4, shopping, dining, amusement parks, outlet malls, beaches and easy access to central highways. Call today for a private tour!
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.
