Welcome to Bocavista Ct! Nestled in the heart of the picturesque Vistamar Villages community in Davenport Florida, this property isn't just a house, it's the key to a lifestyle you've been dreaming of, where every day feels like a vacation. Imagine stepping into a home that offers an expansive 2,155 square feet of space, thoughtfully designed to cater to your every need. With 4 bedrooms and 2.5 baths, this home ensures comfort and privacy for each member of your family. The owner's suite, conveniently located downstairs, serves as a serene retreat, promising restful nights and peaceful mornings. At the heart of this home is an open floor plan that brings the kitchen, dining room, and family room together in one harmonious space. The large kitchen, adorned with quartz countertops and a generous island, invites you to create culinary masterpieces while staying connected with your loved ones in the dining and family rooms. It's a layout that celebrates togetherness, making every meal and gathering memorable. Upstairs, you'll discover more than just 3 additional bedrooms. A spacious loft awaits, offering the flexibility to transform it into whatever your heart desires - be it a cozy office, a lively game room, an additional living area, or a playful area for the little ones. It's your canvas to paint with the colors of your life. Step outside to find a spacious covered and screened-in patio, leading to a fenced-in backyard that's perfect for pets, outdoor entertaining, and family gatherings. It's your private oasis under the Florida sun, where laughter fills the air, and memories are made. With solar panels and energy- efficient features, this home not only cares for the environment but also offers savings on utility bills, allowing you to enjoy luxury living with peace of mind. Vistamar Villages is more than a neighborhood, it's a community that brings everyone together. From the inviting community pool and the playful tot lot to the friendly corn hole games, there's something for everyone. Close proximity to grocery stores, everyday conveniences, hospitals, top-rated schools, Walt Disney World, and I-4!
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.
