This remarkable home is well taken care of and has had many recent updates from a new roof, kitchen, HVAC, screened porch, and resealing of the driveway. Known as the Caberet model, the home boasts two bedrooms and two baths with an eat in kitchen and living room/diving room open floor plan. The best is sitting in the enclosed screen back porch overlooking the pond/lake area. Enjoy the view or a nice breeze. It's a wonderful home and community. Here is a little more about this well manicured and secure community: Solivita is a 4,300-acre thoughtfully designed master-planned active 55+ community located in Kissimmee, Florida. The community boasts over 150,000 square feet of amenities integrated into the natural landscape of greenspaces, lakes, and waterways. The master-planned community is home to eight distinct amenity complexes and neighborhood centers. The Palms Amenity Complex is a 19,000-square-foot building located on more than four acres. This fitness center is equipped with state-of-the-art gym technology, as well as a full-time professionally trained fitness team and staff. The 3,200-square-foot aerobics studio hosts weekly fitness classes. This facility also houses a resident business center, a multipurpose room with flexible sections, and a catering kitchen. Outdoor amenities include a combination splash and lap heated pool, two heated whirlpool spas, an expansive sun deck, and a fireplace piazza. Outdoor sports complexes expand to include two lighted bocce ball courts, four lighted pickleball courts, and two lighted Har-Tru tennis courts. The most spacious of the community's amenity centers is the Riviera Spa & Fitness Center. This 32,000-square-foot facility features an indoor walking track above an indoor heated lap and exercise pool. The state-of-the-art exercise room includes a modern cardiovascular suite, strength equipment, and free weights. The dance studio offers a variety of classes each week in aerobics, yoga, Zumba, stretch, and more. Homeowners can also take advantage of an exclusive FIT Program. This free fitness initiative is designed for 55+ residents who are looking to become more active or perhaps take their training to the next level. Year-round certified trainers and staff are on-hand to help homeowners reach their goals. The outdoor amenities at the Riviera Spa & Fitness Center include a heated pool and two heated whirlpools located on the spacious pool deck overlooking the surrounding waterways. The Starlite Ballroom is a perfect location for community members to host parties and events. This entertainment facility can be used for small or large parties, events, or meetings. It can also be subdivided into smaller rooms for meetings, games, or private events. The Waterfront Galleries is a two-story studio that houses arts, crafts, and games. The facility features beautiful scenic views of the lake so residents can feel inspired by nature while creating their own artwork. This art center includes studios for ceramics, sculpture and painting, a billiards and darts gallery, three computer labs, and a well-appointed library. Residents can also take advantage of Freedom Park, which is a large outdoor recreational sports complex with a softball diamond, horseshoe pits, bocce ball courts, pickleball courts, and outdoor pavilions for private and community events. Solivita is known for having an open pet policy so residents can easily enjoy the community’s dog park.
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.