Beautiful PICENO Model located in the GATED 55+ Community of the Esplanade at Highland Ranch in Clermont. Just wait until you see it! Upon entry you will be greeted by Custom Wall Woodworking in the Foyer and an OPEN SEE THROUGH floor plan. This 2 bedroom, 2 bath with an OFFICE/DEN/STUDY 1,878 sq ft ONE STORY home offers GENEROUS room sizes, a Florida Country Vibe with the Rough Sawn Cedar wall in the Family Room and many DESIGN CENTER UPGRADES, all situated on a PREMIUM LOT with NO REAR NEIGHBORS in a Community with Resort Style AMENITIES. The BAKERS DREAM KITCHEN features UPGRADED Stainless CAFE' Appliances Including a High End FORNO Double Door Oven/Range, Quartz Countertops, Ceramic Tile Back Splash, Pendant Lighting over a BEAUTIFUL ISLAND with LOADS of STORAGE and a LARGE BREAKFAST BAR. You will also appreciate the 42" UPGRADED SOLID WOOD Glazed Linen Cabinetry with UNDER CABINET LIGHTING and LARGE CORNER PANTRY with additional shelving. This is a great entertaining area, as everyone gathers around the KITCHEN. You are sure to be impressed with the GENEROUS size of the Primary Suite. The Primary En-Suite has a corner WALK-IN SHOWER with Beautiful Upgraded Wall and Shower Floor Tile, Listello Accents, TWO SINK'S with Split COMFORT HEIGHT VANITIES finished in Glazed Linen, QUARTZ Countertops, WATER CLOSET and TWO WALK-IN CLOSET'S. Bedroom 2 is also Generous in size with a Wood Plank accent wall. This would make a great guest room. Bathroom 2 is adjacent to Bedroom 2 for the convenience of your guests. There is also a FLEX SPACE with French Glass Doors that can accommodate an Office/Den/Study or a separate sitting room. The LAUNDRY room has Upper and Lower Cabinetry with a Quartz countertop and additional shelving for your convenience. The Laundry Room is also pre-plumed for a sink if desired. Some of the UPGRADES are Ceramic Wood Look tile throughout the home, PLANTATION SHUTTERS, 12' POCKET SLIDING DOOR to allow Florida Living at it's best, Floor Electrical Receptacle in the Family Room, 9'-8" CEILINGS THROUGHOUT, Tray Ceilings in the Foyer, Family Room and the Primary Suite, Oversized Trim, CROWN MOLDING in the Main Living Areas and Primary Suite, Additional Ceiling Lighting, Upgraded Cabinetry throughout, Tankless Hot Water Heater for ENDLESS HOT WATER, Rain Gutters, Custom Stone Landscape Border Wall, Permanent LED Exterior Holiday Lighting, SCREENED UNDER ROOF EXTENDED OUTDOOR LIVING LANAI and an UNBELIEVABLE OPEN BACK YARD. The GARAGE has Ceiling Storage Racks, Workbench and a Shark Coating Garage Floor. RESORT STYLE Community Amenities include Clubhouse, Pool, Spa, Resistance Pool, Clay Tennis and Bocce' Courts, 4 Pickle Ball Courts (Sport Courts are lighted for nighttime play), Fire Pit, Movement Studio, Activities, Clubs, Billiards & more and a DOG PARK too! Close to the New Advent Health Hospital, SOUTH LAKE HOSPITAL, VA, Medical Offices, National Training Center, SHOPPING & DINING. Miles of Biking/Walking Trails for your Outdoor Endeavors and a 15 minute drive to Downtown Clermont or Winter Garden for more enjoyment and Farmers Market's. For your traveling convenience, The Esplanade at Highland Ranch is a few minutes to the Florida Turnpike where OIA and Attractions are about 35 minutes away, as well as Dr Phillips Famed Restaurant Row. HOA includes Lawn/Shrub Care, Fertilizing, Irrigation System maintenance as well as the Amenities. THIS HOME IS AN ABSOLUTE MUST SEE! The Esplanade at Highland Ranch does NOT have a CDD.
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.
