3.25% ASSUMABLE INTEREST RATE FOR A VA BUYER! Inquire with listing agent for more information! Beautiful, upgraded, and MOVE IN READY! Welcome to this 2021 build in this quaint and tucked away community in the heart of Wildwood! This 4 bedroom 2 bathroom 2 car garage home has been lovingly cared for and is ready for its new owners. This spacious floorplan is wide and welcoming, maximizing entertainment opportunities. The kitchen boasts an oversized island, plenty of cabinetry and counter space, and a walk in pantry. Tons of natural lighting bring this kitchen, dining, and living room altogether. The large primary bedroom features an en-suite bathroom including a double vanity, a stand up shower, and TWO walk in closets one of which is huge in size! All 3 guest rooms are spacious with plenty of closet space as well. 2 of the 3 guest bedrooms have custom built-in floor to ceiling shelving. The guest bathroom is conveniently located in between 2 of the bedrooms and features a full size bathtub. Both the living room and the master bedroom have brand new custom trim accent walls with beautiful sconce lighting. Open the sliding glass doors to a covered patio and a fully fenced in yard for ample outdoor privacy and plenty of space for kids or furry friends. This charming neighborhood has a brand new playground, community grills, and a large field for kids or dogs to run in! This home is only 45 minutes from the renowned World Equestrian Center in Ocala! With just a short trip to the interstate for easy commuting and within minutes to tons of shops and restaurants, this location is ideal. Why wait to build? Come take a look at this beautiful newer home! Very low HOA and NOT in a flood zone. This home is eligible for many loan options - FHA, Conventional, USDA, and VA with a 3.25% ASSUMABLE INTEREST RATE FOR A VA 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.
