Only ten, minutes from Village Commons. It is easy to find all you need in the retail shops, Publix supermarket and restaurants of all sorts. This home exudes a sense of peace and tranquility beginning with the tasteful pink coral exterior. Upon entering the foyer with 11 ft vaulted ceiling, you can see the many features to come. Looking directly through the living room and seven sliding glass doors that enclose the lanai, you see the sparkling oversized heated pool w/spa, golf course, and lake with its flowing fountains. Joining the foyer on the right is the kitchen and breakfast nook. During the day both areas are filled with sunlight, thanks to a large window over the kitchens double sink. The window also overlooks the side patio. The kitchen has granite countertops and abundant wood cabinetry. At night both rooms are lit from recessed ceiling lights, leaving the option for softer under the cabinet lighting. In the breakfast nook, enjoy your morning coffee with a focal view of colorful plants as seen through two large arch styled windows. The living room features one custom mirrored wall. The addition transforms the room into a reflection of the pool, lanai, golf course and lake. The 15 ft vaulted ceiling adds to the rooms openness. The adjoining dining room with its beautiful chandelier is just off the kitchen. The house is beautifully tiled throughout with a removable top rug that covers both living and dining rooms. The home offers 3 spacious bedrooms and 2 full bathrooms. The primary suite invites you to come in and shake off all the troubles of your day. The room has a sense of openness thanks to the 12 ft vaulted ceiling throughout the suite. The ensuite bathroom includes a soaking tub, double sink, and walk-in shower, all naturally lit by a sound insulated skylight. Excellent storage comes from 3 large closets , 2 doubles and 1 walk-in closet. Off the living room a hallway leads to the rest of the house: 2 bedrooms, second bathroom with skylight, laundry room and air conditioned garage with Epoxy floors. Both bedrooms have large windows facing the side yard and plenty of closet space. the second bathroom has a glass enclosed shower stall. Laundry day is made easier with elevated, front loaded, high efficiency washer and dryer. The HOA offers exceptional value, covering cable TV, Internet, common area maintenance, lawn, landscaping care, security, trash removal, sewer, and water. Also included are community amenities; :a pool, tennis/pickleball/handball courts, picnic area, sidewalks, and street lighting. All creating a well maintained and welcoming neighborhood environment!
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.
