As you drive up in the beautiful custom paver driveway you will Experience the quintessential Florida lifestyle in this stunning attached villa located in the highly coveted Mustang Villas of Lely Resort. Boasting a bright and airy 2-bedroom plus den, 2-bathroom floor plan, this home is defined by its seamless flow and elegant finishes. You’ll be greeted by beautiful tile flooring that runs throughout the entire home—no carpet here! The heart of the home features an updated kitchen with modern appliances, perfect for the home chef. Peace of mind comes standard with full electric hurricane shutters and a comprehensive security system already in place. Step out onto your private lanai to enjoy the golden hour every single day; the sought-after Western exposure provides breathtaking sunset views over the lush, manicured fairways of the Mustang Golf Course. Lely Resort is world-renowned for its amenities, and this villa puts you right in the center of it all. Mustang Villas offers a pool and Club house within the neighborhood. But you also have the option to join the 8-time Club of the year, The Players Club and Spa. Imagine your weekends spent by the cascading 22-foot waterfall pool, enjoying drinks at the tiki hut, or challenging friends on the premier tennis and pickleball courts. With gourmet restaurants, a state- of-the-art fitness center, a full spa, and three championship golf courses all at your fingertips. Whether you’re looking for a seasonal retreat or a permanent paradise, this move-in-ready gem is a sweet deal that won't last long. Start living your best life today. Live, Laugh, and Love the Lely Lifestyle!
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.
