ARE YOU LOOKING FOR A BUDGET-FRIENDLY VACATION HOME? This almost-new 2022 home is MOVE-IN READY and includes lawncare! This adorable 2 Bed/2 Bath home is located in a GOLFING community with resort-style amenities, and is the most affordable in the community. The KITCHEN is fit for any chef, with beautiful QUARTZ countertops, a LARGE ISLAND, and SS Appliances. Featuring light and bright accents, with Soft-Close WHITE SHAKER CABINETS. The Pantry is upgraded with custom shelving (Closets-By-Design). Enjoy open concept living with CERAMIC TILE FLOORING throughout the common areas. Also some of the special features include CUSTOM CLOSETS by Closets-By-Design in the bedrooms, elegant crown molding, custom Tinted Windows, a whole home WATER FILTRATION SYSTEM, and a Rain Water Barrel for water conservation. Enjoy a peaceful morning drink in the SCREENED LANAI and beautiful sunsets while barbecuing on the open PATIO in the evenings. Wildlife is frequently present to enjoy while overlooking your private back yard with lush, mature trees and shrubs. Your fur babies are welcome! This vibrant 55 plus active community offers activities for all levels of fitness. The streets are tree-lined with plenty of sidewalks and bike paths for enjoying the scenic Johnny Miller-designed golf course. Amenities include golfing, two heated swimming pools, two fitness centers, pickleball, tennis, game nights at the club house, and some day trips. The community also has a private lake offering pontoon boats, fishing boats, and kayaks for reservation at no additional charge. Fishing off the pier is also a favorite. There are food establishments and other services just one mile away at the town square. Whether you are an avid golfer or a peaceful nature lover, this is the community for you! Conveniently located between Kissimmee and Melbourne, about 1 hour to local East Coast beaches, as well as Orlando attractions, and airport. Don't miss this opportunity to own this upgraded, move-in ready gem!
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.
