$13,000 FOR BUYER'S CLOSING COSTS WITH ACCEPTED CONTRACT......NO CDD OR SOLAR LOANS!!! This home has SMART FEATURES, Nest Thermostat, Video Doorbell, Samsung SmartThings Oven & Dishwasher, Water Softener ......Chamberlain MyQ Garage Door Opener with Video Keypad, "MagicHome" LED under and above CABINET LIGHTING!! HUGE island in the kitchen, GRANITE tops, 42" tall cabinets, BEAUTIFUL SUBWAY BACKSPLASH, a PANTRY, & a built-in tech desk. Kitchen cabinets have power above and below. CROWN MOLDING, MARBLE SILLS, ARCHWAYS, CAT 6 WIRED Ethernet with FIBER INTERNET, WATER SOFTENER, RADIANT BARRIER, PAVERED DRIVE, WALKWAYS, & PATIO......CUSTOM VALANCES & DRAPERIES will also stay. We have an Owner's Suite with dual sinks, a soaker tub, tiled shower, & a WALK-IN CLOSET. In addition to the 4 full bedrooms, we have an OFFICE/DEN that is ideal for many uses!! This space is oversized, has French Doors, & a perfect view of the front door. There is a hall closet, built-in living room TV console, & a custom WOOD wall. The laundry room is INSIDE and offers cabinets, BUILT-IN COUNTERS, shelving, & a clothes bar. Our garage has attic access with stairs & storage, EPOXY FLOORS, & EXTRA SHELVING. There is IRRIGATION in place, equipped with a RAIN SENSOR and RainMachine Smart Sprinkler Controller. The landscaping is impeccable, stone adorns the entrance, tailored planters with market lights give great ambiance, & the EXTERIOR PAINT WAS COMPLETED IN 2021. The home's proximity in the neighborhood is GREAT......located towards the back, near the amenities.....community pool, playground, walking path and tranquil pond. Location is FANTASTIC: 11+ miles to Lake Nona, 6+ miles to downtown St. Cloud & the Lakefront Park, 15+ miles to OIA, 32+ miles to the famous attractions, or 57+ miles to the East Coast Beaches. BEST of both worlds......have the space, wifi, & comfort of working from home, or be situated in a SUPER central spot to be able to travel to work efficiently. Don't wait on new construction, come see us today and get a similar offer on concessions as a Builder would.
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.
