Poised on a peaceful, cul-de-sac lot within The Country Club of Lakewood Ranch, this bright and airy residence grants everyday serenity with rare, unobstructed lake and golf course views. This property is a prime opportunity for investors or buyers looking to build sweat equity, as it needs some TLC to become the stunning home it was meant to be. Providing over 2,300 square feet of open-concept living space, soaring ceilings, tropically inspired landscaping, and inviting rooms, this home presents an ideal canvas to reflect your personality and style. Abundant built-ins in the great room add form and functionality, while a well-placed kitchen with a breakfast bar and dinette offers picturesque lake and golf course views. Treat yourself to dining alfresco on the oversized screened lanai or relax with a cold beverage as you get lost in your favorite novel. A versatile den can be fashioned as your dream office, craft room, man cave, 4th bedroom, or meditation retreat. The thoughtful split-bedroom floor plan bestows privacy for the master suite and guests. The large bay window and sitting area in the spacious master are certain to grant a calming beginning and end to your days and feature walk-in closets and a generous en-suite bath. Completing the picture is a gated front entry with a vibrant garden, an extended two-car garage, and access to a convenient community pool. Enjoy the highly sought-after lifestyle in master-planned Lakewood Ranch, the #1 selling multi-generational community in the U.S. for the past six years. Also available are optional, non-mandatory memberships to enjoy the Lakewood Ranch Country Club amenities, which include four private golf courses (72 holes), tennis, pickleball, fitness centers, pools, and dining venues. This community is also conveniently near many shopping and dining options at the University Town Center Mall and Lakewood Ranch’s own Waterside Place. A preferred lender is offering a fixed mortgage below 6% for qualified borrowers, making this an exceptional value proposition. Come see what everyone is talking about!
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.
