Beautiful 4-Bedroom “Magnolia” Model with Solar Power, Water Softener, and Oversized Fenced Yard in Parkwood! Welcome to this exceptional 4-bedroom, 3.5-bath “Magnolia” model home offering the perfect blend of style, comfort, and energy efficiency. Located in the highly desirable, family-friendly, deed-restricted community of Parkwood, this property sits just minutes from The Villages, shopping, dining, and top-rated schools. Home Features This thoughtfully designed home includes 2,109 sq. ft. of living space, a 2-car garage, and a charming covered front porch. The exterior boasts a rare block/stucco first floor with frame/stucco second floor, delivering both durability and timeless curb appeal. Inside, a welcoming foyer opens to ceramic tile flooring throughout the living, dining, kitchen, and bath areas. The kitchen offers wood cabinetry, beveled-edge laminate countertops, and a cozy eat-in breakfast nook. Upstairs features a smart and functional layout with new water-resistant laminate flooring (Dec 2024) throughout most of the second floor. The primary suite includes a spacious walk-in closet, ceiling fan, and private bath, while a convenient upstairs laundry room adds everyday comfort. The oversized vinyl-fenced backyard (49 ft × 28 ft) is ideal for outdoor living, complete with two concrete patios perfect for grilling, entertaining, or relaxing under the stars. Energy Efficiency & Premium Upgrades This home stands out with major modern upgrades designed for long-term comfort, savings, and peace of mind: Tesla photovoltaic solar system with two backup batteries — enjoy reduced electric bills and reliable power even during outages Kinetico water softener + reverse osmosis system — premium water quality throughout the home Upgraded AC system (2020) with UV light for cleaner, healthier indoor air Resurfaced AC ducts (2020) with routine six-month maintenance New refrigerator (Mar 2025) featuring craft-ice New smart water heater (Jun 2025) with app-based temperature control Bonus: A 65-inch TV and electric fireplace are included with the home! Community Amenities Residents of Parkwood enjoy resort-style living with amenities such as: Community pool Fitness center Playground & park Multiple sports courts Picnic pavilions This vibrant, non-age-restricted community has NO BOND, making it the perfect place to call 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.
