Welcome to 23821 Pow Wow Dr – Your Florida Retreat in Indian Lakes Discover this beautifully maintained, single-story pool home tucked inside the gated Indian Lakes community. With 3 bedrooms, 2 baths, and approximately 1,633?sq?ft of living space, this residence blends comfort, style, and a touch of Florida flair. Key Features & Highlights: Open & Inviting Floor Plan Many renovations Step through the elevated double-door entry into a spacious great room. The design allows for clear lines of sight to your private screened pool and the conservation area beyond. Triple-Split Layout for Privacy Each wing of the home offers its own space and separation, making it easy to accommodate guests or work-from-home setups. Bright, Functional Kitchen Equipped with Corian countertops, ample cabinetry, and an eat-in nook. The kitchen flows naturally to both the formal dining area and the informal living space. Master Suite Oasis Your master retreat features dual vanities, a generous layout, and direct access via sliders to the covered lanai and pool. Indoor–Outdoor Living With three sliding glass doors leading to a covered lanai, this home invites effortless indoor-outdoor entertaining. Enjoy poolside gatherings or quiet mornings with nature as your backdrop. Pool & Outdoor Amenities A screened, inground gunite pool anchors the backyard, surrounded by lush tropical landscaping. The lot spans about 7,130?sq?ft, giving you just enough space to breathe and entertain. Recent Improvements & Low Maintenance The home boasts a new roof and freshly painted exterior, reducing your worry and offering peace of mind for years to come. HOA, Fees & Community No CDD fees. Low HOA dues. The gated subdivision provides privacy and a sense of exclusivity. Additional Perks 2-car attached garage Central HVAC from 2020 Roof 2019 A mix of tile and carpet flooring Ceiling fans, tray ceilings, and more Convenient access to local amenities, schools, shops, and major roads
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.
