*** Seller is offering $5,000 towards Buyer's Closing Costs with a full price offer!*** -with this Home You OWN THE LAND (no lot rent) *** This Beautifully Renovated and thoughtfully upgraded home offers 5 Bedrooms (2 currently being used as Offices) — providing flexibility to fit your lifestyle & for those that work from Home. From the moment you step inside the living room, you’re welcomed by a warm, cozy ambiance highlighted by wood-look plank flooring that flows seamlessly from room to room throughout the Open Floorplan. Every detail throughout the home has been carefully curated, from the Soft-Close Kitchen Cabinets and Drawers to the classic Granite Countertops, Tile Backsplash, Specialty Lighting Fixtures and Whirlpool Appliance Package, including an Electric Slide-in Stove with Range Hood and Side-by-Side Fridge with filtered water/ice dispenser. The spacious Primary Suite easily offers room for a King Bed, 2 dressers, nightstands & more… This Homeowner’s Retreat features a Walk-in Closet, Secondary Closet, and an Ensuite Bathroom complete with a relaxing Freestanding Soaker Tub, Dual Vanities and a separate Walk-in Shower. *** Designed for style, comfort and peace of mind, this home includes numerous recent upgrades; Tankless Water Heater, Newer Roof(2020) & Skirting, A/C(approx 2021), Whole-house Surge Protector, professionally wired connection for easy Generator installation, and a full Security System with exterior cameras, Ring doorbell cameras(3), and window alarm sensors(4). LED lighting throughout, ceiling fans(5), new Interior & Exterior doors, and Double-pane easy-clean Windows enhance Energy Efficiency and the modern appeal of this Home. The Laundry room is conveniently located beside the kitchen and features additional cabinets for more storage. Stylish 2” white faux wood cordless blinds on all windows and 5 wall-mounted brackets for TVs will be left in place for the convenience of the new Homeowner. Outside of the Home, the backyard has a paver patio, attached storage and an Oversized Driveway, offering space for 4-6 vehicles. *** As an added bonus, the HOA includes Lawn care, Cable, Internet, and access to Resort-style Amenities including a Community Pool, Clubhouse, Tennis Court, Basketball Court, Bocce, Shuffleboard and weekly social events & gatherings — allowing the Homeowner to live an Easy-Breezy Florida lifestyle. You will also appreciate that the Elementary and Middle Schools are under a mile away, with the High School less than 3 miles from home. Even better, Disney, Universal, SeaWorld, and the many attractions of Orlando and Kissimmee are only a short drive away, putting fun and convenience right at your doorstep! This move-in-ready Home seamlessly blends modern upgrades, smart-home features, and low-maintenance living — A Rare Find you won’t want to miss! **See the 3d Virtual Walk-through tour
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.
