Welcome to this exceptional site-built home located at 723 Heathrow Ave in The Villages®, where comfort, convenience, and Florida living come together beautifully. Situated along the 16th hole of the prestigious Orange Blossom Hills Championship Golf Course, this inviting, NO BOND residence offers picturesque views and a peaceful setting that truly captures the essence of the lifestyle The Villages® is known for. From the moment you step inside, you’ll appreciate the warm and welcoming atmosphere created by the abundance of natural light throughout the home. Skylights and 1 solar tube fill the interior with sunshine, enhancing the spacious feel and bringing the beauty of Florida’s outdoors inside. This thoughtfully designed 2-bedroom, 2-bath home features a desirable Florida/bonus room complete with two built-in Murphy beds, offering the perfect space for visiting guests, a home office, or additional living and entertaining space. The home’s upgrades are truly countless, with a Turn-Key package available, ultimately creating a move-in-ready experience where all you need to bring is your suitcase and toothbrush. Every detail has been carefully considered to provide comfort, functionality, and effortless living. Added peace of mind comes with the convenience of a whole-home Generac generator, ensuring your home is protected and powered through unexpected outages. Whether you’re enjoying quiet mornings overlooking the golf course or hosting friends and family, this home provides the perfect backdrop for making lasting memories. Outdoor living is just as impressive, with a spacious back patio overlooking a fully fenced-in yard. The private outdoor space is ideal for pet owners, gardening enthusiasts, or entertaining guests while enjoying the beautiful Florida weather. Additional conveniences include a carport and a dedicated golf cart garage, providing plenty of storage and easy access to all that The Villages® has to offer. Beyond the home itself, the location is unbeatable. Enjoy close proximity to shopping, dining, recreation, and the excitement of Spanish Springs Town Square, where you can take in nightly live music, gather with friends, and experience the vibrant community atmosphere that makes The Villages® such a special place to call home. This beautifully maintained residence offers the perfect combination of golf course views, thoughtful upgrades, indoor comfort, outdoor enjoyment, and modern conveniences. Don’t miss the opportunity to make this exceptional Florida retreat your own.
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.
