Welcome Home...This home is the one for you. Offering four bedrooms and two full baths and is a split plan. Once you walk in thru the front double doors, you will be greeted with a large living room with lots of natural light. The tile floors really make the home feel palatial. This home has been owned by the original owner since built 1994 and have done some major improvements over the years. There is also a large family room off the kitchen with a real wood burning fireplace. There is a dining area off the living room and in the large kitchen room for a small table to enjoy dinners or breakfast also a counter bar you can sit at while watching TV with family and friends. There are three bedrooms on the one side of the home with one large hall bath with a bathtub and shower combo. Each room is of good size. maybe use one as a personal office space? On the other side of the home you will find the main bedroom which has plenty of room with a large walk in closet. The bathroom is really like a spa with walk in shower and a large soaking tub. The toilet is in its own little spot. You will find a large vanity area with two separate sinks, so no waiting while someone else is doing their thing. Stone counters and toilets and sinks where updated in 2021 with American Standard an upgrade from the originals. The owner had the screened in porch expanded to 480 sq ft. with all new glass windows and updated electric in 2010 creating an additional area to enjoy with family and friends for holiday gatherings. While outback you will enjoy the pavers and cook with an area also with grass to enjoy. This home offers a two car garage and an attic area above so you can store items. These are some of the updates:New Water Proof Flooring in Kitchen 2024, New Kitchen Lighting 2023, New GE Double Oven With Air fryer, New Samsung Refrigerator 2022, New Samsung Washer and Dryer 2022, New Wood Flooring 2019, New Rheems 3.5 Ton, 15 Seer Heat Pump 2019, New Roof 2016, House Painted Outside 2023. Only about 30 minutes to both Walt Disney World and Universal Studios, Close to all shopping and Hospitals and the New Downtown Winter Garden, Plenty of close by shopping and restaurants. As you can see this home is move in ready. Why not make it yours? All measurements should be verified buyers agent and Buyer.
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.
