Don’t miss this rare chance to assume the seller’s incredibly low 3.125% mortgage on a beautifully updated 2-bedroom, 2-bath end-unit villa with a 1-car garage! The moment you walk in, you’ll feel right at home. New vinyl plank flooring carries throughout the foyer, living room, kitchen, and screened porch, perfectly complementing the freshly painted interior. The exterior has also been recently painted by the HOA—nothing left to do but move in! Soaring ceilings create an open, airy feel, and you’ll love having two inviting outdoor spaces—a sunny hammock area for relaxing and a versatile screened porch ideal for entertaining. The fully renovated kitchen is a showstopper, featuring white shaker cabinetry, quartz countertops, a chic tiled backsplash with custom under-cabinet lighting, stainless steel appliances (including a double oven!), a walk-in pantry, and a roomy dining area. A conveniently located large laundry closet sits nearby. The spacious primary suite includes plush high-end carpet, a generous walk-in closet, and an updated en-suite bath with all-new fixtures. The guest bedroom is equally comfortable, offering a large closet and easy access to the second updated bathroom. Even the garage has been thoughtfully improved—complete with an epoxy floor, automatic door opener, and space for an extra refrigerator (included!). Additional upgrades include new lighting, ceiling fans, a recently installed A/C system, 6 Blink security cameras, 5 motion spotlights, window and door alarms, and attractive walkway lighting that beautifully highlights the home after dark. Plus, the low monthly HOA fee makes this villa even more affordable while still offering beautifully maintained grounds and exterior maintenance. Ideally located close to top-rated schools, medical facilities, great dining and shopping, airports, golf courses, and world-famous beaches, this villa truly checks every box. If you’ve been searching for the perfect villa, your search ends here. 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.
