Welcome home to this warm and inviting 3 bedroom, 2 bath residence tucked inside the desirable Saxon Ridge community. Offering 1,230 square feet of thoughtfully designed living space, this home features a split floor plan that provides both comfort and privacy, making it ideal for everyday living or hosting guests. The moment you step inside, you’ll notice the cozy, homie feel that instantly makes you want to settle in, with natural light flowing through the space and an easy, welcoming layout that feels just right. The primary bedroom is generously sized, creating a peaceful retreat at the end of the day, while the primary bathroom offers a spa-like experience with a large garden tub and a separate walk-in shower. The secondary bedrooms are well-proportioned and perfectly positioned on the opposite side of the home, allowing flexibility for guests, a home office, or growing households. A newer HVAC system from 2021 provides peace of mind and energy efficiency, ensuring year-round comfort in Florida’s climate. Step outside to enjoy a fully fenced backyard that offers privacy and space to relax, entertain, or let pets roam freely. The screened-in patio is perfect for morning coffee or evening unwinding, allowing you to enjoy the outdoors without the bugs. Beyond the home itself, Saxon Ridge delivers a true community lifestyle with amenities that include a sparkling swimming pool, playground, beach volleyball court, and basketball courts, giving residents plenty of options for recreation and connection. Conveniently located near I-4 and just minutes from all the shopping, dining, and everyday conveniences Orange City has to offer, this home blends comfort, community, and accessibility. Whether you’re a first-time buyer, downsizing, or simply looking for a home that feels inviting from the moment you walk in, this Saxon Ridge gem is one you won’t want to miss.
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.
