Further Reduced!– the lowest-priced 3,000 sq ft home in the area! This impeccably maintained, like-new 2022 Adams Homes "3000" model (2,868 sq ft heated) offers exceptional value in the desirable Brookhaven subdivision. Backing directly to a large conservation area for ultimate privacy, tranquility, and serene nature views—no rear neighbors! Step inside to an open, airy floor plan with soaring vaulted ceilings that create a bright and welcoming atmosphere. The formal living room off the foyer features elegant vaulted ceilings, flowing seamlessly into the expansive great room—now enhanced with a projector TV system and stylish shutters for perfect light control. Breathtaking conservation views await from both the great room and the oversized lanai—perfect for relaxing or entertaining outdoors. The heart of the home is the spacious gourmet kitchen, perfect for chefs and gatherings alike, boasting a central island, sleek granite countertops, and a convenient attached Butler's Pantry. It connects effortlessly to the utility room with direct lanai access. Retreat to the oversized primary suite with private sitting area, tray ceiling, and luxurious ensuite bath including dual vanities, walk-in shower, separate soaking tub, and ample closet space. Wood-plank tile flooring adds a modern, durable touch to the kitchen and baths. Brookhaven is a family-friendly, deed-restricted community with low HOA fees (around $96/month), charming streetlights, sidewalks, a community pool, playground, and dog park. Conveniently located near shopping, restaurants, hospitals, the Rainbow River, World Equestrian Center (WEC), Silver Springs State Park, and hiking/walking trails. The Gulf Coast beaches are about 40 miles away for stunning sunsets, while Daytona beaches are an easy scenic drive (approx. 90 miles) through the beautiful Ocala National Forest. Bonus1: Just 1 mile to the prospective BJ's Wholesale Club (under construction at the intersection of SW 60th Ave and SR-200) Bonus 2: Qualified financed buyer can assume the attractive 3.75% FHA loan-unbeatable in today's market! This move-in-ready gem combines spacious luxury, thoughtful upgrades, prime conservation backing, and unbeatable location—don't miss this exceptional opportunity! SELLER IS A FL REAL ESTATE LICENSEE
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.
