COMING SOON !! Mark your calendars, 219 Sea Cliff Dr will be going live on Monday June 29th! Just like new... but better! Built only 4 years ago so get all the percs of new construction but with the added benefits from when this homeowner made this house a home. Just to name a few of the updates that have been made are the minimal maintenance tankless reverse osmosis in the kitchen with an output of up to 600 gallons per day. Great for cooking and making coffee and a mineral filter can be added to the supply line if desired. Blue by ADT security system (no pricey contracts), the Arlo front door camera/door bell, and upgraded appliances which include the GE induction range installed in 202, the Miele dishwasher with an in unit water softener and auto detergent (2023) . The LG Fridge with ice maker (2024) This home has it all with a fenced in back yard, screened in back deck, TWO car garage, and a lovely large front yard with a driveway that could hold 6 cars!! Inside you have a vaulted ceiling and Luxury Plank flooring in the family room and the LVP carries into the kitchen and bathrooms. The chefs dream of a kitchen includes the gorgeous Quartz countertops plus an island with overhang for stools, tons of cabinetry including the 42" upper cabinets to the ceiling and PANTRY cabinet for all your storage needs, The primary bedroom includes a walk in closet, a luxury primary bathroom that you will not want to leave with your double vanity sink, walk in shower, and relax after your hard days in your soaking tub. The crawlspace is a poured concrete crawl that is 4' tall, full insulate, vapor barrier, temp controlled and houses the water softener and treatment system with sediment filter, carbon filter, and UV light filter (all owned and comes with limited lifetime warranty and support). Lake Land'Or has a great beach area with picnic tables and if you do not feel like getting sandy walk on over to the pool which is just one of many amenity's, some of the others are tennis courts, basketball courts, playgrounds throughout, dog park, many boat doc areas and fishing piers... just to name a few! More details to come!! And do not worry... the homeowner has a binder of info for all systems mentioned above and more!
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.
