PRICED TO MOVE! These motivated sellers are offering an UNBEATABLE VALUE with an INCREDIBLE PRICE and the option for an ASSUMABLE VA LOAN at only 2.25%. Exceptional amenities, Expansive rooms, and Elegant style await within this 5 bedroom + office, 3 bath, 3 car garage, residence in the Epperson Lagoon community where resort style living has taken on a whole new meaning. Imagine hopping in your golf cart and taking a quick trip down to America’s first 7.5 acre man made lagoon and enjoying a day full of water sports, sunny beaches, music, community events, cocktails, and tasty bites, all just minutes from your doorstep. This home’s curb appeal is eye catching with an over 1/4 acre corner lot, mature landscaping, a paver drive, decorative garage doors, and a stone accented front porch, perfect for a set of rocking chairs! Inside the home, a sweeping open concept floor plan combining the gourmet kitchen and the expansive living room opens beautifully to the outdoor entertaining area through a set of sliding doors. Here you can host gatherings with ease and confidence in the space featuring luxury vinyl plank flooring, high ceilings, close proximity to the first floor’s full bathroom and guest bedroom, and a show stopping kitchen. The kitchen provides granite countertops, a glass tile backsplash, upgraded lighting, a central island with breakfast bar seating, an eat-in dinette, upgraded appliances, and a roomy walk-in pantry. A dedicated office near the front of the home creates ample opportunity for a private work from home or homeschooling zone. The second floor is where the flexibility takes it up a notch! A generous 17x16 open loft could serve as a media room, second living room, game room, etc. The possibilities are endless! The primary suite is beautifully equipped with a raised ceiling, 2 large walk-in closets, and a spa-like ensuite featuring two granite topped sinks, a vanity seat, a water closet, and an oversized walk-in shower. Three more spacious bedrooms and a full bathroom with dual sinks and a tub/shower combo complete the second floor. The new owners will enjoy the convenience of a large laundry room, multiple storage closets, and an oversized garage with a storage nook. Head out back at the end of a long day and unwind in the impressive screened lanai, featuring bar seating, a kegerator, beverage refrigerator, mounted TV, and a relaxing jacuzzi, all surrounded by a beautiful paver patio perfect for entertaining. Call us today before this top of the line home in this desirable community is gone!
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.
