GREATLY REDUCED and READY TO MOVE IN! LARGEST of Floor Plans in SPRINGWOOD II ...... MORE UPDATES EVEN! EVERYTHING TO CODE! HURRICANE IMPACT WINDOWS AND DOORS! Newly Installed STAINLESS STEEL "NO Fingerprint" Frigidaire Appliances - including Double-Door Frig with Front Door Dispenser; 5-Top-Elements & Hot-Air-Fryer Range / Oven; Microwave Range Hood and Dishwasher. This unique 1440-square-foot home is the largest unit: a 2-bedroom, 2-bathroom stand-alone villa with a one-car garage and laundry space. This home has seen some significant other updates in 2022, including:- Washer and Dryer, HVAC, Water Heater, and Rear Florida Room "Flat Roof" with Transferable Warranty – with the key being THE MAIN TILE ROOF Installed in 2012, giving you nearly 30 more years of life, making this house one of the Most for the Least in Springwood II. Existing Furniture is negotiable. *No Flooding or Storm Damage* Flood Zone X. Upon entering through the storm and front door, you walk into the large Living Room, but quickly move past the friendly Dining Area into your private/French-Door enclosed Florida Room, perfect for getting away for some quiet time. Unlike some, there is a large Energy-Efficient, Impact-Resistant Vinyl Patio Door. Walk out onto the north-facing patio to enjoy some pleasant breezes. Adjacent to the living room, you'll find a comfortable guest bedroom and bathroom, ideal for visiting family and friends. Down the hall is the Master en suite with ample closet space. You'll like the large bath and Master shower. Continuing through the home, you'll arrive at a well-designed, larger kitchen equipped with a nice pantry and New Stainless-Steel appliances, with the Family/Florida Room just off the eating area. This end-unit home features neutral maintenance-free wood look flooring throughout the main living and tile baths. You'll really feel safe, secure, and in comfort with all-around double-glazed Impact Resistant Solid Vinyl Windows. Nestled in the vibrant 55+ community of Springwood Villas II, this community offers an array of fantastic amenities, including shuffleboard, a heated pool, and a spacious clubhouse with a fitness room, ping pong tables, pool tables, and a library. The REDUCED maintenance fee covers roof, cable, internet, trash pickup, pool maintenance, and ground upkeep, ensuring a hassle-free living experience. Embrace the best Florida living in this home at Springwood Villas II! Now – take a 3-D tour which makes you feel like you're in the home, then call for an appointment to see it yourself. At this price, it won't last!
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.
