** Lakeside Preserve - 2-Story Concrete Block - New Roof 2023 - No CDD Fees - Primary Suite on first floor - Expanded Screened lanai with heated hot tub spa - Pond and conservation views. Now priced at less than $180.00 per square foot! Outdoor living takes center stage at this well built Caladesi model - K. Hovnanian / Windward Homes in Lakeside Preserve, where a private backyard setting and thoughtfully designed interior come together. The expanded screened lanai features brick pavers and a 6-seat heated spa overlooking the pond and conservation area, creating a peaceful backrop for relaxing evenings or casual gatherings year-round. Fences are allowed, so if you have 4-legged family members, just apply with the ACC commitee once closed. Inside the open-concept main living area flows seamlessly to the lanai, making indoor and outdoor spaces feel connected. The kitchen anchors the home with 42 inch cabinetry, and Labradorite granite countertops, a breakfast bar island, eat-in breakfast nook, and generous workspace, all open to the living room for easy entertaining and conversations while preparing meals. The den and dining room have wood flooring, upgraded 18" diagonal tile run throughout the rest of the main living area. The first-floor primary suite offers privacy from the rest of the home, while three additional bedrooms and a large loft upstairs provide flexible spaces that adapt to changing needs. A first floor oversized laundry room with extra storage space and an oversized two-car garage add everyday convenience. Recent updates include a new roof in 2023, a UV light installed in the HVAC system to support indoor air quality and a water softener. Owners are also offering an American Home Shield warranty! With no CDD fees and low quarterly HOA fees, Lakeside Preserve offers community amenties of a playground, park, gazebo, and pickleball court. Convenient access to US 301 and I-75 places shopping, dining and recreatrion within easy reach and short commute. Schedule your private showing to experience the lifestyle that this home offers.
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.
