Welcome to paradise in the heart of Westminster! This light & bright villa provides 2 beds plus DEN, 2 bathrooms, and a 2-CAR GARAGE with lots of STORAGE and WORKSPACE. Plus, with a NEW ROOF (2023) and NEW A/C (2024) you can enjoy peace of mind for years to come. Enjoy the outdoors and GOLF VIEWS on the EXTENDED SCREENED LANAI, complete with a PRIVATE SPA and FIRE TABLE - the perfect spot for entertaining guests or simply unwinding after a long day. The kitchen features durable and modern Corian counters, GLASS BACKSPLASH, white cabinets, STAINLESS STEEL appliances, & a spacious pantry. You'll love the NEUTRAL TILE flooring throughout the main area and bathrooms, complemented by cozy carpet in the bedrooms. CROWN MOLDING adds a touch of elegance to the space. Convenience is at your fingertips with a beautiful LAUNDRY ROOM that offers ample storage and a SINK. The furnishings are negotiable, allowing you more flexibility. Westminster is a GUARD-GATED community that offers some incredible amenities: pool, spa, fitness center, playground, tennis/pickleball, bocce, restaurant, and so much more. PAY-TO-PLAY GOLF or MEMBERSHIPS AVAILABLE! Located a short drive from ample shopping, dining, and entertainment, RSW International Airport, and I-75 for easy access to SWFL's finest beaches. Don't snooze on this rated BEST VALUE BUY that is PET-friendly and RENTAL-friendly!
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.
