Stunning Pool Home with Paid-Off Solar – A Rare Opportunity in Poinciana! Welcome to 402 Ohio Way, a beautifully maintained and extensively upgraded 3-bedroom, 2-bathroom pool home offering nearly 1,600 square feet of comfortable living space on a spacious corner lot. This move-in-ready property combines modern upgrades, energy efficiency, and the Florida lifestyle buyers are searching for. From the moment you arrive, you'll appreciate the pride of ownership and attention to detail throughout. Inside, you'll find a bright and inviting floor plan featuring remodeled bathrooms, spacious living areas, and a layout designed for both everyday living and entertaining. Major improvements have already been completed, including a newer roof, new HVAC system, tankless water heater, security camera system, and a full gutter system for added protection and peace of mind. One of the most impressive features of this home is the fully paid-off $53,000 solar panel system, which will be transferred to the new owner at closing. Enjoy significant energy savings for years to come while benefiting from a more efficient and environmentally friendly home. Step outside and discover what truly sets this property apart. The private backyard oasis features a beautiful oversized swimming pool and an expansive outdoor space perfect for weekend gatherings, family fun, or simply relaxing under the Florida sun. With only a very limited number of pool homes currently available in the area, and with this property offering one of the larger and more attractive pools on the market, opportunities like this do not come around often. Whether you're looking for a primary residence, vacation home, or investment property, this home checks all the boxes. Conveniently located near schools, shopping, dining, medical facilities, and major roadways, you'll enjoy both comfort and convenience in one exceptional package. Don't miss your chance to own one of the most desirable pool homes currently available in the area. Schedule your private showing today and experience everything this remarkable property 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.
