Former Model Home Located In The Prestigious, Guard-Gated Four Seasons 55+ Golf Community By K. Hovnanian. This Beautifully Maintained Single-Story Residence Reflects True Pride Of Ownership And Offers 1,439 Square Feet With Two Bedrooms And Two Bathrooms, Featuring Extensive Floor-To-Ceiling Upgrades Throughout. Situated On An Extremely Private Corner Lot At The End Of A Cul-De-Sac, This Home Features Two Courtyards One At The Front Entry And One Centrally Located Both Enhanced With Custom Saltillo Tile. The Center Courtyard Includes A Tranquil Water Feature, Creating A Private Outdoor Retreat. A Custom Solid Wood And Glass Front Door Welcomes You Inside, Where Youll Find A Custom Tile Inlay Entry, Nine-Foot Ceilings, Designer Wallpaper Accents, Plantation Shutters, Custom Draperies, Ceiling Fans Throughout, True Bamboo Flooring, A Built-In Entertainment Center, And Three Sets Of French Doors. Owner Created Enclosed Courtyards With Wrought Iron Fencing. The Cooks Kitchen Offers A Beveled Glass Block Window Over The Sink, Granite Center Island, Raised-Panel Cabinetry With Nickel Hardware, White Appliances, Recessed Lighting, Custom Tile Countertops And Backsplash, And An Exterior-Vented Exhaust Hood Over The Range. The Great Room Is Finished With Custom Wainscoting, Crown Molding, And Surround Sound, Which Extends To The Primary Suite. Bedrooms Are Thoughtfully Located On Opposite Sides Of The Home For Privacy. The Primary Suite Features Chair Rail And Wainscoting Accents, An Elegant Chandelier, Walk-In Closet, Dual Sinks, Custom Tile Countertops, A Custom Tile Shower, White Brick Inlay Flooring, And A Leaded Glass Window For Added Privacy. The Secondary Bedroom Includes Chair Rail Detailing. Additional Highlights Include Black Wrought Iron Fencing With Two Gates, French Doors With Sliding Screen Doors, Indoor Laundry, Artificial Turf, Clay Tile Roof, Rain Gutters, A Two-Car Attached Garage, And Ample Additional Parking Behind The Property. This Charming Home Is Just A Short Walk To The Lodge Clubhouse. Community Amenities Include Shuffleboard, Bocce Ball, Pickleball, Tennis, Swimming Pool And Spa, Library, Arts And Crafts Room, Fitness Center, Aerobics Room, Billiards Room, Ballroom, Rose Garden, Outdoor Kitchen With BBQs, Indoor And Outdoor Fireplaces, Theater, Computer Room, Card Room, Ping Pong, Walking Trails, Clubs, Social Events, Dances, And Outdoor Concerts. Additional Fees Apply For Golf, Bistro Restaurant, Salon, And Massage Services.
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.
