Welcome to the serene Village of Chatham in The Villages & step into this Whispering Pine floorplan. It features a split layout with 3 bedrooms and 2 bathrooms along with a 2-car garage. The property boasts curb appeal, enhanced by landscaping and painted sidewalk and driveway. Upon entering, you are welcomed by a tiled foyer with a chandelier. The main living area showcases VAULTED CEILINGS & NEW BEAUTIFUL laminate flooring. The living room offers glass French doors that lead to the screened lanai featuring a PAINTED FLOOR for your OUTDOOR enjoyment. The kitchen offers laminate countertops, modern cabinets, stainless steel appliances, and a gas stove, complemented by a breakfast nook with great natural lighting. The guest bedrooms apart from the master, ensuring PRIVACY for both you and your guests. The bedroom without a closet includes a fan, ample natural light from the window, and NEW LVP flooring. It can easily be used as an office as well as a bedroom. A linen closet is conveniently located in the hallway leading to the guest bathroom, which includes a tiled shower with tub. The other guest bedroom features a fan, window for lighting, and carpet. The MASTER BEDROOM comes with an EN SUITE bathroom and a WALK-IN CLOSET. ROOF 2021. This property is in a GREAT LOCATION, GOLF CART DRIVE to the VA, close to golf courses, swimming pools, recreational facilities, shopping, and dining options. Residents enjoy the nearby adult pool, while the Chatham Recreation Center features one of the area's family pools, ideal for the grandkids! The Nancy Lopez Country Club is just down the street, complete with a restaurant, driving range, pro shop, and golf academy. Four executive courses are in close proximity: Briarwood, Walnut Grove, Oakley, and Amberwood! Don’t miss the chance to see this home 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.
