Welcome Home to the warm and fuzzy neighborhood known as White Gables, right off Central you will find the most welcoming community to live in. Located in the DD2 award winnning school district is where you will want to be. The clubhouse is the base where the school bus picks up and drops off, walking distance to your new home on Pimpernel. Treelined sidewalk will guide you there and back home where you will wonder how you didn't already live here! Hardy plank siding protects your 4 walls where inside you find a friendly atmosphere with white kitchen cabinets and gleaming floors. On the first level are 2 secondary bedrooms with a shared bath tucked on the side of the home. When you enter you are in the living room with a cozy fireplace flowing into the dining room this open floor planis like a big hug. The kitchen space is the perfect setting for entertaining or just for the chef in you. Upstairs is the BEST KEPT SECRET - THINK ABOUT THIS - the entire home is on the main level - guests, the kitchen, the dining area and YOU and ONLY YOU have the entire upstairs for you! Full master bath, tons of closet space PLUS sitting area for a gym, office or personal media space. Come and see for yourself and fall in love with 307 Pimpernel. White Gables offers the best amenities, pool, playground, basketball court and tennis courts, plus extra storage space for boats, a clubhouse where you will make the best friendships. Walking distance to Publix, Starbucks and so much more, come on out and check it out for yourself.
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.
