Awesome opportunity! Come and see this OUTSTANDING pool home with stunning views, located in the heart of Calabay Parc. This gorgeous 4-bedroom 3-bathroom has 2 OWNERS SUITES, perfect for maximizing short-term rental! The large kitchen has been updated with ample cabinetry, a large central island with pendant lighting, stone counters, and all-new stainless appliances. This bright, elegant space is perfect for informal dining and entertaining. NO CARPET! This home features gorgeous CERAMIC WOOD EFFECT TILE and fresh contemporary paint. Patio furniture can be conveyed. The Great room is centrally located within the home, is flooded with light, and has awesome views out to the pool and lanai to the rear. The Owner’s Suite has access to the pool area and features dual walk-in closets. The Owner’s Ensuite bathroom has a separate tub and shower, dual sinks, and storage space. There is a second Ensuite bedroom which also has its own access to the pool lanai. There are 2 further bedrooms and a guest bathroom. For convenience, there is a separate laundry room and 2 car garage. The rear of the home enjoys a large open area allowing for perfect views when relaxing by your private heated pool that has a NEW pool pump. ROOF replaced in 2019!! & SOLAR PANELS to keep electricity bills down, and will be paid off at Closing by the Seller. OFFERED FURNISHED! Calabay Parc is located on US 27, a short drive from DISNEY and all the fun of the attractions area located off US 192. There are ample opportunities for dining & shopping close by. For golf enthusiasts, Reunion and ChampionsGate golf courses are close by! Perfect as a SHORT-TERM RENTAL HOME, WINTER HOME, OR PERMANENT RESIDENCE!! Easy access to I4 for access to Orlando and Tampa - This is a GREAT LOCATION! Make your appointment to show 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.
