This lovely 2-bedroom, 2-bath home is located in the desirable 55+ gated community of Chalet Estates on Lake Suzanne. Upon arrival, you’re welcomed by a charming covered entry featuring a glass storm door. Inside, the open-concept floor plan is ideal for entertaining, with a spacious living room enhanced by vaulted ceilings, plush wall-to-wall carpeting, and direct access to the bright and cheerful Florida Room, extending your living space. The eat-in kitchen offers a large breakfast bar that provides ample seating, a gas range, closet pantry, recessed lighting, an upgraded Bosch dishwasher, and a convenient water filtration system at the kitchen sink. The charming breakfast nook, surrounded by a bay of windows, is a wonderful place to enjoy casual meals while taking in natural light. The generously sized primary bedroom suite features carpeting, a walk-in closet, and glass sliding doors leading to the Florida Room. The primary bathroom includes a single vanity with dual sinks, linen closet, an easily accessible seated shower, and a private water closet with a comfort-height toilet. If you enjoy outdoor living, you’ll appreciate the open patio nestled beneath a mature oak tree, overlooking the peaceful community green space—an ideal setting for relaxing or entertaining. Additional Features: Irrigation system with separate irrigation meter, Upgraded Low-E double-pane windows, Architectural shingle roof (2022), Gas water heater (2019), Extra refrigerator located in the garage, Washer and dryer included, Pull-down attic stairs, Gutters and exterior lighting, Retractable garage screen door, Two-car garage with recessed lighting, epoxy finished flooring, and garage door opener. Low HOA fees of $210 per month include lawn service, private roads, and clubhouse amenities. Residents of Chalet Estates enjoy a waterfront clubhouse with a heated pool, fitness center, patio area, and access to Lake Suzanne. This active adult community offers a maintenance-free lifestyle and is conveniently located near shopping, restaurants, and major routes. Home is being offered partially furnished.
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.
