MODERN AND SPACIOUS POOL HOME! Step into this stylish, open concept floorplan complete with 4 large bedrooms plus a convenient den/flex space! You are greeted with a stunning kitchen complete with sophisticated espresso cabinetry, granite countertops, and high-end stainless-steel appliances. There is ample room for dining space, along with a long peninsula bar top that seamlessly connects to the living area, perfect for entertaining. The living room is the heart of the home, with a cozy built-in electric fireplace and triple sliding glass door out to the patio space. There is a spacious den/flex space located off the living area that features its own built-in features and sliding door to the patio, perfect for an office, game room, or additional family room. The primary suite is your own private oasis, with huge walk-in closet, double-sink vanity, soaking tub, and glass walk-in shower! There is a large guest bedroom at the front of the house with its own dedicated bathroom, complete with tiled walk-in shower. The two additional guest bedrooms are in their own wing of the house for added privacy, with a shared bathroom. Stepping outside, you have a sparkling private pool area, completely screened in with no rear neighbors! The patio area also features a built-in summer kitchen and plenty of space to lounge soaking up the sun. The Villa Sorrento community is in a prime location in Haines City, just off US-27 with easy access to I-4, Posner Park, and the all-new Crossroads Village Center, coming soon! Do not miss out on this prime opportunity, make this home your next Florida oasis!
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.
