**** Huge Price Reduction - Seller Motivated **** This masterfully crafted residence embodies the essence of Florida living at its finest. Nestled on a spacious ~1/3-acre lot, this home boasts an impressive array of feaures and upgrades, all completed just a year ago. These improvements include wood-inspired laminate flooring throughout, updated faucets and ceiling fans, custom framing and woodwork, and new ceramic tile and backsplashes in the bathrooms. Additionally, the home enjoyes a custom-built movie theater, along with a custom-built wine rack and smart, color-changing recessed lighting in the kitchen. The property boasts 4 bedrooms, 2.5 bathrooms, a versatile loft, a media room, and a 2-car garage. The moment you step through the front door of this 2,817 SF, exquisitely appointed home, you’re greeted by a soaring two-story foyer that sets the tone for an inviting and memorable experience. The expansive formal dining room decorated with beautiful custom made wine rack and chandelier is perfect for hosting gatherings. The kitchen is a chef’s delight, featuring crisp white wood cabinetry adorned with a subway-tile backsplash, expansive butcher-block countertop space and a freestanding island, plus stainless-steel appliances—including a refrigerator, range, dishwasher, and microwave—along with a freestanding hood, undermount sink, and oil-rubbed bronze faucet and fixtures. A cozy breakfast nook provides a spot for casual meals or lively family conversations. Beyond the kitchen is the family room, where you can relax with loved ones or step through the sliding glass doors into the sprawling backyard. The first floor is completed by a well-appointed laundry room with a front-loading touchscreen washer/dryer and a beautiful half bath. Ascending to the second floor, you’ll find a luxurious primary suite designed as a private retreat. The ensuite bathroom exudes spa-like luxury with a garden tub, separate shower stall, white penny-tile flooring and backsplash for a classic, elegant look, and walk-in closet for exceptional organization. Three additional bedrooms share a fully upgraded secondary bathroom, thoughtfully designed with double sinks, upgraded penny-tile flooring and backsplash and a stylish tub/shower combo. A spacious loft completes the second floor, offering endless possibilities such as a game room or flexible living area. Step outside to your huge backyard—perfect for outdoor entertaining, family gatherings, or soaking up the Florida sunshine. The seamless indoor-outdoor flow makes this home an entertainer’s dream. Located in the vibrant Poinciana community, the property offers easy access to major highways, hospitals, medical facilities, dining, and shopping options. This home isn’t just a residence—it’s a lifestyle. Experience the perfect blend of elegance and everyday comfort in this extraordinary home.
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.
