Stunning Owned 8.7KW Solar! Over $279k in Enhancements! Imagine, Whole house backup: 2 Tesla Powerwall Batteries! Enter Private Travertine Courtyard! Amazing Ironworks Doors & Gates! Gourmet Chef's Kitchen: Upgraded KitchenAid Appliances, Rich Upgraded Maple Cabinets, Beautiful Quartz & Tile Backsplash, Large Island: Pendant Lighting & Breakfast Bar, Farmhouse Sink & Spacious Walk-in Pantry. Split Floorplan with Flexroom~ Den, Office, or Dining ! Attractive Primary En-Suite: Dual Closets, Tile Shower! Spectacular Center Sliding Glass Doors, 10' Ceilings, 8'Doors, Ceiling Fans, Custom Shades & Shutters, Tile Throughout! 2.5 Car Insulated Garage with Coating, Rain Gutters! Lush Landscaping, Gorgeous Pergola, Gas Stub & Travertine! Resort Living: Extensive Sun City Festival's Amenities! Welcome to Sun City Festival, Active Adult Community! Sun City Festival is an active adult community that fosters a genuine sense of belonging through its inclusive amenities and low homeowner association (HOA) fees. Residents enjoy a vibrant lifestyle tailored to a variety of interests and activities. State of the Art Clubhouses, Recreation and Sports Facilities · Two outstanding recreation and sporting centers · Beautiful golf courses for enthusiasts of all skill levels · Softball field for friendly competitions and community events · Expansive pickleball courts · Billiards room for socializing and leisure · Outdoor amphitheater for live entertainment and performances Amazing Amenities · State-of-the-art fitness centers with a plethora of classes offered · Inviting pools and hot tubs with extensive seating and panoramic views · Walking and golf cart paths for outdoor enjoyment Clubs and Social Opportunities Sun City Festival offers an extensive selection of clubs, ensuring there is something for everyone. Residents can participate in: · Arts and performing arts clubs · Woodworking · Ceramics and Glass Art · Dance and Photography Groups · Pet Clubs for animal lovers · Quilting and Sewing · Sports, Auto and Travel Clubs · Cards and Games · Block Watch · Business and Networking Clubs This diverse range of clubs and activities creates a dynamic and engaging environment, encouraging residents to pursue their passions and build lasting friendships. With so many amenities and activities available, Sun City Festival offers something to suit every lifestyle, making it a truly exceptional place for your new home! Wow, Imagine Sun City Festival's exceptional 27390 W Osprey Drive where luxury meets sustainability and convenience. Boasting total of over $279K in Enhancements! Dare to compare! Over $125,000 in builder upgrades and an impressive $95,000 in post-sale enhancements, this home is designed for refined living and modern function with architecturally pleasing, soft arch openings. Incredible standout feature is the owned solar system with a powerful 8.7KW array with a $59,000 value paired with two Tesla Powerwall 2 batteries, providing whole-house backup. Electrical breaker panel relocated to garage interior. For the entirety of the billing year from February 2024 to January 2025, the solar system carried a credit every month, meaning no APS electric bill and significant savings included in your new home! Consult APS for current rates, and best electric plan to suit your lifestyle. Step into the Chef's kitchen, thoughtfully appointed with upgraded KitchenAid appliances, a gas cooktop and hood, double ovens, a raised dishwasher, and custom quartz countertops with a stylish tile backsplash. The extensive kitchen island is illuminated by pendant lighting and offers a breakfast bar for casual dining or entertainment. Staggered Maple 36"/42" cabinetry, cabinet crown molding & deco panels on cabinet ends. Cabinetry doors and drawers with soft close & attractive hardware, under cabinet LED lighting for illumination. A KitchenAid refrigerator is included, plus an additional fridge conveniently located in the laundry room. Wow, all appliances, including washer and dryer convey with your incredible new home! The open-concept living area is perfect for gatherings, featuring expansive spaces, attractive finishes, inviting quad sliding glass door with abundant natural light. High ceilings, upgraded flooring, and premium fixtures enhance the ambiance throughout. Retreat to the spacious primary suite with its luxurious ensuite bath, complete with custom cabinetry, two walk in closets, double vanities, and a walk-in shower with Rainhead. Connects from Primary Bath directly to Laundry Room which includes additional cabinetry and a second refrigerator! Double Door Flex Room gives you options for a den, office, dining or maybe a craft room! Secondary bedrooms are generously sized, spacious closets and versatile, ideal for family, guests, or a home office. Smart home technology, wired ethernet and outdoor security camera connections (network switches not included), energy-efficient design elements, and thoughtful upgrades ensure comfort and security. Security provided by an Alarm (see SPDS) security system: main panel, front door auxiliary panel, integrated front door and front gate cameras, sensors on all doors and windows, motion detectors, glass break detectors, and smoke alarm detector. Note: subscription alarm service needed for system. Additional highlights include custom window treatments and enhanced lighting! Exterior Incredible Features include: Custom Iron Works Front Door with Security Features, Iron Works Courtyard Gate, Custom Iron Works Gate to Backyard. Imagine your own Private Courtyard with Attractive Travertine to entertain or relax reading a book. Additional Bonus Items include: gutters covering the whole roofline, six downspouts with French drains & popups in front yard, extra outlets below roof soffit! A 2.5-car garage, includes a sink and tankless hot water heater! Half Car Garage is perfect for a golf cart or a workshop. Extensive Garage amenities included: additional lights &/outlets installed, 240v outlet in cart garage, belt drive garage door openers with My Q App available, garage service door with security door, deep sink in garage, insulation: garage doors, added in ceiling & exterior wall, Flexmar Polyaspartic garage floor coating Enjoy seamless indoor-outdoor living with professionally lush landscaped grounds, attractive landscape lighting, two zone irrigation system and gas stubs for your choice of options: maybe a firepit or backyard kitchen. Additionally, extensive covered patio and pergola, travertine patio and walkways. Plenty of room for recreation or relaxation! Every detail from the solar credits to the chef's kitchen and designer enhancements reflects a commitment to quality and lifestyle. Experience the perfect blend of quality features and upgrades, efficiency, and convenience in this remarkable property yours to enjoy for years to come.
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.
