This charming 3 bed / 2 bath DESIGNER Mandevilla model home (similar to Oleander) with GOLF CART garage, located in the desirable Village of HADLEY, offers comfortable Florida living with many recent updates. Boasting 1,695 square feet of air-conditioned space, the open and functional split-bedroom floor plan creates an inviting and practical layout perfect for everyday living and entertaining. Step inside to a welcoming foyer leading to a generous great room / living room perfect for entertaining where you will appreciate the brand NEW luxury VINYL plank flooring throughout, fresh interior PAINT, and smooth ceilings with no popcorn. Tray ceilings add a touch of elegance to both the dining room and primary bedroom, while ceiling fans help keep the home comfortable. The well-designed kitchen features brand NEW appliances recessed lighting and convenient pull-out cabinets. A spacious screen-enclosed Florida room measuring 19x19 provides a wonderful indoor-outdoor living space with PRIVACY. Additional features include a roof replaced in 2014, HVAC (2023), gutters, an inside laundry room, and a 2-car garage plus a separate golf cart garage. The mature landscaping with an irrigation system enhances the curb appeal and makes maintenance easy. Location Location Location! This home offers easy golf cart access to shopping, dining, medical facilities, and entertainment at Brownwood Paddock Square, Lake Sumter Landing, and the many other wonderful Villages squares. Call today to schedule your private showing! Check out our single page home website at: https://wise-real-estate-photography.aryeo.com/sites/edvdnvqb/unbranded
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.
