ON THE POND WITH A VIEW! Own your land and run your own life as this is a community owned by the residents and we make the decisions (I live here!) The HOA includes everything except your electric bill and lawn mowing! This beauty provides entertainment by all the nature you get a birds-eye view of from your kitchen, bedrooms, and back screened porch. Watch the action on the 10th Tee and enjoy the sound of the fountain! The floors are all luxury vinyl plank and the rooms are well sized. The Primary Bedroom has an en-suite bathroom and a walk-in closet. Kitchen with breakfast bar. Textured walls throughout, large living room with open floor plan to the dining room and french doors to the lanai. Storage/workshop with washer and dryer and yes, the golf car stays! This financially sound, gated golf community has structured itself to enjoy the good life! The golf cart is included so you are ready to enjoy the executive 18 holes golf course for just $5 green fees in this Gated, Golf Community, located just outside of the city, and approx. 1.25 hrs. from either coast. Great access to Disney, Legoland, and BOK Tower, just to name a few local attractions. In this very friendly, resident-owned community, you can be as active or inactive as you choose! Gatherings at the private Pub or the Community Room, fishing & boating on Lake Henry (dock within the community), gardening, tennis, golf, shuffleboard, pickle ball, horseshoes, swimming in the heated pool, enjoy the hot tub or the 24/7 workout room! Contact this community's website for documents, including Rules/Regs, Application, Financial, and Bylaws. HOA INCLUDES A DVR PLUS 2 HD CABLE BOXES AND INTERNET! (Minimum age in this 55+ community is 50 years old)
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.
