Welcome to this stunning EnergyStar-rated, 5-bedroom, 4-bathroom home nestled in the charming community of Raven Crest. Offering comfort, efficiency, and value with low HOA and no CDD fees. This is truly a multigenerational home. Step inside through the elegant glass front door, and immediately feel at home in the warm and welcoming spaces filled with abundance of natural light flowing throughout the entire house. The gourmet kitchen is a chef’s dream, featuring double ovens with an oversized island with pendant lighting, stainless steel appliances, a walk-in pantry and a stylish butler's pantry to complete with a new wine cooler and accent wall. Enjoy casual meals in the cozy eat-in kitchen area and host elegant dinners in the separate dining room. The home features a brand new roof (2023), and fresh, modern updates throughout. Upstairs, enjoy new stain-resistant carpet, while freshly painted doors and stair rails in sleek dark tones add a elegant touch. Two bedrooms showcase custom wood accent walls, and both full bathrooms feature updated light fixtures for a bright, modern feel. You’ll love the extra storage under the stairs and the garage with full overhead storage. Energy efficiency shines here, with windows, doors, and sliding glass doors, plus complete spray-foam insulation in the walls and attic for year-round comfort and lower utility bills. Step outside to the newly enclosed lanai, complete with a 72" outdoor ceiling fan, the perfect spot to relax and watch spectacular lakefront sunsets. Upstairs, a bonus room offers endless possibilities as a home office, playroom, or extra living space. Plus, enjoy the convenience of a new washer and dryer! Don’t miss your chance to own this beautifully updated home that perfectly blends modern comfort and timeless charm. 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.
