If you're looking for privacy and elegance in The Villages, this four bedroom, three bath Avalon model checks all the boxes. Perfectly located in the highly desirable "The Preserve" neighborhood, this meticulously maintained home abuts a protected natural wildlife preserve with unobstructed views across the expansive lanai. The BOND was PAID for this 2019 home with upgraded appliances, a brand-new pool pump and water softener. Step inside to see the open floor plan with 10–14-foot ceilings. Tray ceilings and recessed lighting is abundant throughout the home. The formal dining area is large enough to seat a party of 10. The centrally located kitchen is a chefs delight with high-end appliances, beautiful wood cabinets, stone counters and lots of storage. As the heart of the home it connects to the dining room, living room, laundry room, lanai and garage. The living room provides a lovely entertaining area adjacent to the lanai. There is a lighted tray ceiling with a fan above the entire room. The first of two Primary bedrooms feature a huge ensuite bathroom with a large walk-in shower, walk in closet and a separate linen closet. The dual sink area also has seating to get ready for your day. There is also a tray ceiling and ceiling fan. The second primary bedroom is very spacious. The attached en-suite bathroom has a walk-in shower, a tray ceiling with fan as well as a seating area with lighting for reading your favorite book. The third bedroom has a wide closet and also has an attached ensuite bathroom. There is a professional, soundproof recording studio for music production or podcast creation. It can be easily converted to a fourth bedroom or large office. The two-car plus golf cart garage is wide and deep and features "The Magic Stairs" automatic stairs leading up to the attic with flooring and lighting. There is a 12,000-Watt dual-fuel generator with a separate circuit breaker panel. The generator has only been used with propane fuel. There is also a Ranchio irrigation system that is programmable through your smart phone. The lanai is truly amazing. This is why people move to Florida. Beautiful views of the protected preserve area extend for 180 degrees across the lanai. The heated salt-water pool has a shallow area for chairs and kids as well as a long "lap pool" section. There are five different areas for seating on the lanai, some covered and some screened. This is a great place to entertain or just revel in the serenity of the space. The Preserve is a gorgeous area in The Villages, and this home has one of the best views in The Preserve. Schedule your showing today!
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.
