Step into the sought-after Oxford model, a thoughtfully designed 2-bedroom, 2-bathroom residence with a versatile den/office that can easily serve as a guest room, hobby space, or private study. This beautifully maintained home welcomes you with an open and airy floor plan, blending comfort and function for both everyday living and entertaining. The spacious living and dining areas flow seamlessly into the kitchen, creating the heart of the home where family and friends can gather. Natural light fills the interior, highlighting fresh finishes and a warm, inviting ambiance. The three-season room extends the living space, offering a tranquil retreat to enjoy morning coffee, read a book, or simply unwind while overlooking your landscaped surroundings—a true extension of the Florida lifestyle. As a resident of Kings Ridge, one of Central Florida’s premier 55+ communities, you’ll enjoy a lifestyle that feels like a permanent vacation. This active-adult neighborhood features two championship golf courses and an impressive multi-million-dollar clubhouse that serves as the social hub of the community. Spend your days swimming in one of three heated pools, relaxing in the spas, or staying fit in the well-equipped fitness centers. For those who love recreation, the community offers tennis courts, pickleball, shuffleboard, bocce, and billiards. An active social calendar ensures there’s always something to do—from clubs and classes to events and entertainment. Practicality meets convenience with lawn maintenance included, giving you more time to focus on enjoying the vibrant community lifestyle. Whether you prefer quiet evenings at home, a round of golf with neighbors, or participating in group activities, Kings Ridge offers the perfect setting. Ideally located in Clermont’s rolling hills, just minutes from shopping, dining, medical facilities, and cultural attractions, the community also provides easy access to Orlando’s world-class theme parks, international airport, and entertainment venues. This home truly offers the best of both worlds—peaceful living in a gated, resort-style setting with the conveniences of city life close at hand. If you’re seeking an active, carefree, and welcoming lifestyle, this Oxford model home in Kings Ridge is the perfect choice. Move right in and start enjoying everything this vibrant 55+ golf community has to offer.
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.
