You will think that you have stepped into a model home as you enter this beautifully maintained, one owner home situated in the heart of the charming town of Wimauma! Upon entry you will be able to immediately recognize the thought and attention to detail the current owners have given to every area. You will immediately see and appreciate the fact that this open floorplan allows for maximum interaction with family and friends...no more being stuck in the kitchen while everyone is having fun elsewhere! The abundant size of the Primary bedroom and oversized bath, that features a HUGE walk-in closet, will be very much appreciated. Every light fixture, every faucet, and every ceiling fan has been replaced and beautifully upgraded. The gorgeous LVP flooring that runs throughout the house is less than one-year old and the entire interior of the home has been freshly painted. You are going to LOVE the attention to detail the owners have showered on this home. An added bonus to owning this home is where it is situated...it is facing a small park-like area with a landscaped walking path, rather than another house. So, on those special occasions when you have several guests, they will not have to compete for parking spaces! As a homeowner in Vista Palms, you will have access to this vibrant, resort-style community offering a clubhouse, sparkling pool and spa, fitness center, scenic walking trails, pickleball courts, a shaded splash pad for the kids, and a playground within walking distance of your home. With lawn care included in the HOA, Vista Palms makes low-maintenance a reality. Pet-friendly green spaces and tranquil ponds enhance the natural beauty of the neighborhood...make an appointment today and come see for yourself!!!
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.
