This Winter Garden Solar home located in MCALLISTER LANDING is a stunning pool home with tons of upgrades. Gorgeous 5 bedroom and 3.5 baths, this home is perfect for families who want to enjoy a luxurious lifestyle without compromising on comfort. The home boasts a beautiful solar heated salt-water pool, perfect for relaxing and entertaining family and friends. Stunning chef-style kitchen features large island for family gatherings, built-in oven, cook top, 42" cabinets, granite countertops, walk-in pantry and cafe overlooks pool. Large dining room*Private office*Large master suite is located on first floor and overlooks pool. Huge master bath includes soaking tub, separate shower, his and her vanities and huge walk-in closet. Large secondary bedrooms have walk-in closets. Upgrades include: plantation shutters throughout house, pool bath door added, fence, artificial turf in backyard, curbs around planters and luxury vinyl added to master bedroom, bedroom 5 and bonus room. Electricity bill's during the summer were $200 or less to cool this 3628 square foot home. Inside laundry room*Tons of storage*3 CAR Garage - Tandem. Large privacy fenced yard offers privacy. The community amenities include a lake side park, playground and dock by a serene conservation area for bird and animal watching on Lake Apopka. Historic downtown Winter Garden is just minutes away with the famous & best Farmers Market, West Orange Trail, shopping, restaurants, a brewery with Artisan kiosks, great community events and more. Hospitals, Churches, Schools and major highways: 408, 429 and the Turnpike are an easy short drive. Winter Garden is a fabulous place to be in Central Florida., and it's even in close proximity to the major theme parks throughout Central Florida! Ocoee High School has an "A" rating!
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.
