$7,000 BUYER CONCESSION AT CLOSING WITH ACCEPTED CONTRACT!!! POOL HOME.......NO solar loans or CDD!! Privacy with VINYL FENCING......the pool has a HEATER, a HOT TUB, & a SPACIOUS SCREENED PATIO. WINDOWS AND DOORS REPLACED IN 2019, WHOLE HOUSE HAS BEEN REPIPED IN 2024, & the WATER MAIN WAS JUST REPLACED IN 2026. Inside we have vaulted ceilings, plant shelves, newer paint, newer carpet, & a REMODELED KITCHEN......New cabinets, new counters, backsplash, farmhouse sink, & pantry. The floor plan is SPLIT, offers TWO living areas, & an INSIDE LAUNDRY ROOM! The Owner's Suite has a walk-in closet, updated vanity, soaker tub, & a tiled shower. This Suite also has direct private access to the pool patio via BEAUTIFUL FRENCH DOORS!! Beds 2 & 3 share the 2nd bath......this bath is ALSO CONNECTED TO THE POOL PATIO FOR CONVENIENCE. Two spare closets provide storage for extra linens or the vacuum/mop. The 2-car garage would make the perfect workshop, could create additional stowing, & of course great parking. This backyard has plenty of room for the family pup to run or for a garden to be planted. We have TWO gates, one on EACH side of the home......a covered lanai will come with the market lights, shade curtains, & its furniture.......as well as the beautiful potted plants. The screens are newer, a child safety fence for the pool will convey, & GUTTERS HELP TO DIRECT RAINWATER. A/C has been regularly maintained, landscape beds have fresh mulch, & the DOUBLE PANE/ENERGY STAR WINDOWS were just professionally cleaned. High speed FIBER INTERNET makes working from home a breeze. Only $350 a year for the HOA and a community BOAT RAMP is offered to the residents of Blackberry Creek........location is FANTASTIC! OIA is only 18+ miles, Melbourne Beach is 52+ miles, our famous attractions are within 25+ miles, downtown St. Cloud is only 2.6 miles away, Lake Nona area can be reached within 19+ miles.......St. Cloud offers many lakes for boating or fishing, quaint shops and eateries are downtown, & YOUR DELIVERY SERVICES ARE AVAILABLE!!
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.
