Maintenance free living. This two-bedroom, two-bath villa with a two-car garage in Timber Greens offers a low-maintenance, comfortable lifestyle within a secure, 55+ community.Updated Kitchen: The kitchen is well-appointed with modern wood cabinets, providing ample storage and a contemporary feel. It features an eat-in breakfast nook for casual dining and a breakfast bar for quick meals or entertaining. A dedicated laundry room is conveniently located just off the kitchen. The layout includes a generously sized master suite and, a "split" bedroom floorplan, which means they are separated by the main living areas to allow for maximum privacy for residents and guests. The main living area combines the living room and dining area, creating an open and airy space perfect for relaxation or hosting gatherings. A private, screened-in lanai extends the living space outdoors, offering a comfortable spot to enjoy the Florida weather without the bother of insects. The home includes a spacious two-car garage, providing secure parking and additional storage options. The Homeowners Association (HOA) covers essential services, ensuring a hassle-free lifestyle. This includes the exterior maintenance of the building, full lawn care, cable television, and high-speed internet service. Experience golf at Timber Greens! High-quality golf on a pristine, semi-private, 18-hole course, offering 6,081 yards of challenging play from the back tees, with a par of 71. Designed by renowned golf course architect Ron Garl and opened in 1995, this meticulously maintained course features pristine Bermuda grass fairways and Paspalum greens for exceptional playing conditions year-round. Club facilties include. 18 Hole golf course designed by golf course architect Ron Garl 125,000-gallon swimming pool with adjacent 12-foot waterfall octagon hot tub Expansive Clubhouse with dining and bar facilities housing an abundance of activities and social events 19th Hole Bar and Grille with food and full bar service overlooking the pool Poolside seating for food and bar service Great Room with an entertainment stage accommodating large dining events and banquets Fitness Center for residents with the latest cardiovascular and strength training equipment Movement area for led classes of line dancing, yoga, stretch, Tai Chi, and Zumba. Library with an array of audio, hard and softcover books Card Room which can be reserved for private dining Arts & Crafts Room and meeting room Two Lighted Tennis Courts open to all residents Bocce Ball Court open to all residents Shuffleboard Court open to all residents Four Lighted Pickleball Courts open to all residents Maintenance Free Community 18 Hole Golf-Course w/ Pro-Shop Community Clubhouse Fitness Center Dine at...The 19th Hole Bar & Grill! Secure-Gated Entrance & Exit 15 Minutes To Veteran’s Expressway (589) Community Pool Tennis Court Pickleball 18 Mins To Gulf Of Mexico Golf Carts Welcome!
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.
