Welcome to 631 Swallowtail Dr, Haines City a property that truly stands out within the community. This beautiful 4-bedroom, 2-bath home combines comfort, modern style, and an excellent location, making it one of the best opportunities currently available in the area. From the moment you walk in, you will appreciate the elegant porcelain tile flooring throughout the entire home, creating a seamless, spacious, and modern feel that today’s buyers love. The property also features a fully fenced backyard, perfect for privacy, pets, family gatherings, and enjoying outdoor living with peace of mind. Adding even more value, the home was recently completely painted throughout the interior, and all bedroom and bathroom doors will be replaced with brand-new doors, leaving the property fresh, updated, and truly move-in ready. The comfortable and functional layout offers bright living spaces filled with natural light, perfect for everyday living and entertaining guests. In addition, the property offers quick access to US-27 and I-4, providing convenient connections to Orlando, Disney, ChampionsGate, Davenport, and other major Central Florida destinations. The home is conveniently located near shopping centers, restaurants, hospitals, schools, parks, and popular destinations such as Posner Park, AdventHealth Heart of Florida, Walmart, Lowe’s, and multiple entertainment and retail options. Everything you need is just minutes away. Whether you are looking for a primary residence, a first home, or an excellent investment opportunity, this property brings together location, upgrades, comfort, and presentation all in one. Homes with this level of care, updates, and potential do not last long on the market. Schedule your private showing today and fall in love with everything this home has to Proposal!
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.
