A First Class 55+ Community Welcoming Class A and Super C Motor Coaches. A beachy Casita with a large screened porch and paver pad located in gated Bay Lake Motorcoach Resort. Ideal for full-time living, snowbird or investment/rental. It's an easy stroll to the resort's beautiful clubhouse which features a pool, spa, exercise room, card/game room, banquet room, kitchen, craft and theater rooms. This CASITA feels welcoming the moment you enter the large screened porch with TV. Enter through the slider to an open living area and kitchen with center island and bar chairs for dining, and entertaining. All stainless steel appliances including French door refrigerator, flat top stove, built in microwave and dishwasher. Then enter the nice sized bedroom and full bathroom, large tub with shower. Good sized closet with stacked washer dryer combo unit and plenty of storage. Moving outside to the large paved patio areas and driveway to park your Class A or Super C motorcoach. RV/Marine pedestal with a night light that has 50 Amp, 30 Amp, 15 Amp and water connection next to a sewer connection. Comes with your own golf cart recently serviced and ready for you to cruise the neighborhood! This property is the perfect place to entertain all your new friends you’ll have and relax with your favorite adult beverages. Don't miss the resort's unique boat dock for private use with a boat launch which provides access into Lake Mattie! Park your MOTORCOACH and relax in luxury. Conveniently located between Tampa and Orlando. Only 22 miles to Disney and close to all Orlando attractions, airports and surrounding cities, plus golf, restaurants and shopping.
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.
