SPACIOUS SINGLE STORY 3-CAR GARAGE!!! 12' Entry ceilings highlighted by an arched transom window invite you into this highly sought-ought Monroe II model home floor plan. Abundant natural lighting beckons you through the open formal living and dining areas into the spacious family room and a kitchen built for entertaining. Finished with desirable white 42" cabinetry topped with crown molding and anti-microbial quartz countertops, this roomy kitchen has been upgraded with a GE Profile® Slate-finish Stainless Steel Appliance package, including a double-oven, convection microwave, and French-door refrigerator with built-in Keurig®, delighting the senses of any aspiring chef! The 8' island is ideal for serving, as it overlooks the grand family room, which has triple sliding glass doors leading to the 18' screened lanai. You can also gain access to the lanai through a 2nd set of sliding glass doors from the main Primary Suite. Its offerings include a luxurious ensuite with double vanity, quartz countertops, large walk-in shower, relaxing soaking tub, and dual walk-in closets with motion-sensored lighting. Three distinct bedroom areas provide the ultimate in privacy, each with their own bathroom. A 4th room with double-door entry through the formal sitting area makes an ideal office, flex space, or 4th bedroom. Maximum convenience throughout the home is provided by the limited-production partnership with Amazon® Smart Home design during construction. A geo-mapped commercial grade Ruckus® router serves as the backbone, paired with Lutron® light controls, Honeywell® thermostat, MyQ® garage door openers, Kevo® keyless entry, and more - all to offer either voice-enabled or app-controlled options, and powered by WiFi speeds of up to 5Gbps thanks to fiber-optic internet. Energy efficiency is enhanced by double-pane windows, radiant roof barrier, hybrid AO Smith® water heater, and solid concrete block construction. When you want to enjoy the outdoors, you'll have an almost 1/4-acre fully-fenced lot, or you can drive your golf cart from your 3rd garage along private, tree-lined Providence Boulevard to the Amenities Center where you'll find the Residents' Clubhouse with heated resort-style pool and waterslides, an olympic-style laned pool where water aerobics are held each morning, lighted tennis and pickleball courts, state-of-the-art fitness center, a Michael Dasher-designed Championship Golf Course along with shaded driving range and practice greens, or dine in the elegant Blue Heron Tavern and Grill. You'll also find miles and miles of walking trails, shaded childrens' playgrounds, dog parks (with stations throughout the community), basketball courts, and sports fields, all behind the securely 24-hour guarded gates of our award-winning Community. With so many amenities, LOW HOA fees and no CDD, it's easy to see why Providence continues to earn "Best Community" awards year after year! 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.
