3.625% VA Assumable Loan! Welcome home to 3294 Hanging Tide, located in the premier community of Lakeview Preserve. This home is known as the Yorkshire model and was built by Pulte Homes in 2021. This is your opportunity to buy a new home, without the wait! The Yorkshire model is known for its space. The Yorkshire plan is highly desired, because of the first floor guest suite, with its on en-suite bathroom and large walk-in closet. As you are welcomed through the custom glass front door, the home continues with a wide flowing entryway leading into the airy kitchen, breakfast café and gathering room. The gourmet style kitchen features upgraded stainless steel appliances, quartz countertops, white cabinetry and a large kitchen island. The living room overlooks the oversized backyard, through the extended pocket sliding glass door. Downstairs you also have the powder bathroom for guests, access into the car garage, and the dedicated home office. Leading up the stairs, you will notice the upgraded iron railing. The upstairs is where the primary suite is located. The en-suite features a large shower, dual vanities and quartz countertops. The upstairs is complete with the oversized loft, 3 guest bedrooms, 2 full bathrooms and the laundry room. The homesite is 0.15 acres, and complete with a covered lanai. The community of Lakeview Preserve offers a community pool, fitness center, playground, a kayak launch onto John’s Lake and other incredible amenities to enjoy. You are also minutes to the public boat ramp for John’s Lake. Additional highlights include a 4-foot garage extension, EV charger, dual AC units, and a an upgraded stone elevation on the exterior. The home is also eligible for a rare VA assumable loan at 3.625% with use of your own certificate. This home is situated perfectly between Downtown Winter Garden, Clermont and Oakland. You can enjoy places like: Lake Louisa State Park, The Plant street market and so much more. In addition, the home is only 10 minutes to the 429, which offers easy access to Disney, the airport and Downtown Orlando. Call today to schedule a private tour.
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.
