*** GORGEOUS HOME ALERT *** FANTASTIC OPPORTUNITY FOR A VACATION HOME / AIRBnB / PRIMARY RESIDENCE !! *** This gorgeous 4 bedroom 3.5 bath home is move in ready and waiting for a new owner!! There are only 38 homes in the small private community that is located 20 MINUTES TO DISNEY AND THE PARKS making it a perfect option for RENTAL OR AIRBnB, as SHORT TERM RENTAL IS ALLOWED !! The home is approx. 2 miles from I-4 and Posner Park which has all the shopping and restaurants you could ask for! The home is also close to Lakeland and only minutes to the Heart of Florida Hospital. Inside on the first floor you will find a very well cared for home with formal dining room, large kitchen with GRANITE countertops and beautiful solid wood custom cabinets with crown molding, and large great room with tile flooring, as well as a half bath. This home also BOAST 2 PRIMARY BEDROOMS, 1 UPSTAIRS AND 1 DOWNSTAIRS!!! All rooms in the home have crown molding, all the windows have been replaced with double hung hurricaine rated ones...ROOF REPLACED 2018...WATER HEATER REPLACED 2020. The entire second floor boasts absolutely pristine wood floors, the 2nd primary bedroom with en-suite bath and 2 more large bedroom with a Jack-n-Jill bath. Also upstairs there is a loft that can be used as an office / playroom / additional sleeping area for guests...MAKING IT POSSIBLE TO SLEEP 8-10 PEOPLE if needed!! Out back you will find a beautiful in ground pool and lanai all screened in and fenced in along with a beautiful pergola off the side yard with pavered patio. This amazing home has been well kept and absolutely the definition of a "move-in ready" home. This is an amazing chance to get a home that is as versatile as it is beautiful!!
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.
