Located in Lake Timber at Babcock Ranch, a neighborhood that encompasses the true meaning of front porch living. This impeccably maintained 4-bedroom + den, 2-bath, 3-car garage residence offers a highly sought-after floorplan rarely available in this location. The inviting front porch with a charming porch swing and double front doors sets the tone for relaxed, welcoming living. This home is truly what Florida living is all about. Inside, you’ll find a custom drop zone and a designer wood accent wall in the entryway, reflecting thoughtful upgrades throughout. A standout improvement is the conversion of the formal dining room into a dedicated home office, providing a private and functional workspace ideal for today’s lifestyle, without sacrificing the home’s natural flow or entertaining areas. The sellers have invested in meaningful upgrades, including a custom Murphy bed in the guest room for flexible use and a fully customized primary closet designed for organization and efficiency. Wood-look plank tile flooring throughout (no carpet) ensures durability and continuity, while the custom living room fireplace elevates the living space, adding warmth and architectural interest. Florida living comes to life in the backyard, featuring a heated pool and spa, your own private oasis designed for year-round enjoyment, sunset swims, and effortless entertaining. Just steps from the Lake Timber community pool, clubhouse, and playground, this home also enjoys the benefits of a fully golf-cart-friendly community, allowing residents to easily take their golf cart to the pool, dinner, Starbucks, the gym, Publix, the dog park, and nearby shopping including Marshalls and HomeGoods, making running everyday errands part of the lifestyle. Residents also enjoy access to a growing lineup of new and popular destinations, including Ulta, Boujee Nail Bar, Babcock Aesthetic Lounge, Papa John’s, Panera, Five Guys, Oak and Iron and so much more. Fire, police, and EMS services are located on site, along with a newly opened urgent care facility. Looking ahead, the community continues to expand with exciting additions planned, including a YMCA and two Wawa gas stations, further enhancing convenience, safety, and long-term value. Enjoy very low insurance premiums and the confidence of owning in an award-winning, forward-thinking community. Homes offering this combination of location, layout, upgrades, and lifestyle are limited, schedule your private showing today.
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.
