Do you want to move right into your new home without having to renovate? Just unpack and enjoy your new home. Then this could be the one for you. This stunning 3-bedroom, 2-bathroom home with an additional den offers the perfect blend of comfort, style, and Florida living. Imagine relaxing in your oversized screened lanai, overlooking lush green space with no rear neighbors – a true private retreat! Step inside and be captivated by the spacious and light-filled interior. The heart of the home is a gourmet kitchen, complete with double ovens, a sleek cook surface, a built-in microwave, and a center island bar with seating – perfect for entertaining friends and family. The adjacent den, featuring elegant French doors, offers a versatile space for a home office, playroom, or quiet reading room. This home has a full house Water Filtration system. There is also an Extended Warranty on the AC unit for an additional 6 years. Retreat to the luxurious primary suite, a true sanctuary boasting beautiful windows that bathe the room in natural light, a large walk-in closet, and a spa-like en-suite bathroom with a separate shower and dual vanities. Two additional bedrooms provide ample space for family or guests. This home is not just beautiful, it's practical too! It's move-in ready, allowing you to unpack and immediately start enjoying the Florida lifestyle. Plus, the community offers fantastic amenities, including refreshing community pools and a park, perfect for recreation and socializing. Beyond the home's impressive features, its location is unbeatable. Enjoy easy access to major roadways, putting you minutes away from shopping and entertainment options. Nature lovers will appreciate being just minutes from the Clermont chain of lakes, offering endless opportunities for boating, fishing, and enjoying the natural beauty of Central Florida. Don't miss the opportunity to make this exceptional home yours. Schedule your private showing today and experience the perfect blend of luxury, comfort, and convenience!
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.
