SERENE WATER VIEWS from your extended screened lanai in this Ashton Oaks maintenance-free villa! With no CDD fees and low HOA dues, this spacious three-bedroom, two-bath “Magnolia” floor plan offers comfort, style, and convenience all in one. Set on a generous pie-shaped lot with a large side yard, you’ll enjoy extra green space and privacy between homes. The welcoming side entry opens to a screened front entry into a light-filled great room with tray ceiling and sliding glass doors that extend your living space onto a 16' x 15' covered screened lanai... the perfect place to relax and take in peaceful pond views. The modern kitchen is designed with function, featuring 42” Sierra Vista cabinets with hazelnut glaze and crown molding, light railing, granite countertops with an undermount stainless sink, stainless steel appliances, glass accent cabinet doors and under-cabinet lighting. Center island serves as a breakfast bar with pendant lights and open flow into the dining and family rooms make entertaining effortless. The 13' x 18' owners suite boasts serene water views, a HUGE walk-in closet featuring closet organizers and a luxurious bath with Corian countertops, dual undermount sinks, oil-rubbed bronze shower enclosure and upgraded wall tile. Two additional bedrooms are smartly positioned for privacy... one at the front of the home, the other near the entry—with a shared hall bath also featuring Corian and upgraded tile finishes. Throughout the villa, you’ll find upgraded flooring, recessed lighting and additional lighting and ceiling fans. The two-car garage is 19' x 20' with room for storage and leads into the interior laundry room with AC storage closet including washer and dryer with storage above. The newer 2023 Water heater is located in the garage. HOA dues takes care of exterior painting, roof maintenance, lawn care, irrigation, and even access to the community pool, making this truly low-maintenance living at its best! All of this is tucked away in a desirable location close to shopping, dining, and easy access to major roadways. This beautiful villa is MOVE IN READY and waiting for you to enjoy the Florida lifestyle! CALL 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.
