Welcome to 3041 Crown Creek Circle, an immaculate and modern home in the established Brooke Estates community of Crestview. Built by Whitworth Builders in 2023, this spacious 4-bedroom, 3-bathroom residence offers 2,540 sq. ft. of meticulously designed living space, perfect for those seeking comfort, style, and function.The home boasts an open, light-filled floor plan with high ceilings, including elegant tray and coffered ceilings, that connect the main living areas seamlessly. A desired split-bedroom design ensures privacy for the primary suite.The heart of the home features a large island, granite countertops, a dedicated pantry, and a suite of stainless-steel appliances, ideal for both casual family meals and entertaining. Retreat to the expansive primary bedroom, featuring dual walk-in closets and a spa-like ensuite bathroom. The master bath is a highlight, offering a signature zero-entry, all-tile walk-in shower and a separate soaking tub. Enjoy the durability and aesthetic appeal of luxury wood-look vinyl plank flooring throughout the main living and wet areas. The home was constructed with durable 2x6 exterior walls for enhanced energy efficiency and structural integrity. Step outside to a covered rear lanai, perfect for enjoying the Florida weather, overlooking the spacious 0.30-acre lot. A new fenced in backyard with five different types of fruit trees (Pear, Peach x 2, Lemon, Lime and Fig) along with an installed sprinkler system makes this yard an oasis for your pleasure and enjoyment. Additionally, a highly sought-after 3-car garage provides ample space for vehicles and storage. The property is part of a community with a low monthly HOA fee.
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.
