**Golf cart to convey. All new sod in the backyard** Set on a beautiful pond lot, this spacious home offers more than meets the eye with 5 bedrooms and 3.5 baths. The thoughtfully designed layout includes a large owner's suite on the main level, along with two additional bedrooms and 2.5 baths downstairs.Upstairs, you'll find a versatile second story featuring a full bath, and a two large bedrooms - perfect for guests or a private retreat.The home is filled with desirable upgrades, including granite kitchen countertops, stainless steel Frigidaire appliances, a gas range, and a cozy gas fireplace. Additional highlights include a tankless gas water heater, front and rear gutters, pendant lighting over the kitchen island, and recessed lighting throughout the kitchen and living areas.The main level boasts hardwood flooring throughout the living spaces, with tile in all bathrooms and the laundry room, while bedrooms offer carpet for added comfort. Step outside to enjoy the screened porch, patio, and fully fenced backyard - ideal for relaxing or entertaining while taking in the lakefront setting. The amenities in the neighborhood resemble a resort style lifestyle! It IS arguably the best amenity center is all of Cane Bay Plantation as it features a MEGA pool with a kid area, pickle ball courts, a fishing pier, a boat ramp, huge playground, horseshoes, bocci ball, a fire pit, and etc. There's nothing like this in this neighborhood! All three of the schools are also located right here in the Cane Bay! Cane Bay Plantation is a golf cart community with golf cart/walk/jog trails from the front to back for miles, shopping and restaurants at the front, and plenty more coming! There is plenty to do here and it has the largest YMCA on the east coast. There are events throughout the entire year such as food truck nights every night in a different community, golf cart parades, poker runs on the golf carts, neighborhood get togethers, fishing tournaments, and many more! Why wouldn't you want to hop in your golf cart and just ride up to the front for dinner or to grocery store? Come check out this beautiful home and don't miss out on this amazing opportunity!
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.
