Lakefront Living That Feels Like a Vacation Every Day! Have you been searching for a home where the view never gets old and the lifestyle is just as impressive as the house itself? Welcome to your own slice of Florida paradise in the highly sought after Timber Oaks 55+ community. This charming 2 bedroom, 2 bath lakefront bungalow offers the kind of backyard most people only see on postcards. Imagine starting your mornings with coffee on the spacious covered porch as the sun sparkles across the water. Towering trees, mature landscaping, and seasonal visits from local wildlife create a peaceful setting that feels miles away from the hustle and bustle, yet you are close to everything you need. Step inside and you will immediately notice the pride of ownership throughout. With more than $90,000 in recent updates, this home was never intended to be sold, making it a rare opportunity for the next lucky owner. The inviting eat in kitchen features warm wood cabinetry, a beautiful garden window, and plenty of space to prepare your favorite meals while enjoying views of the lush surroundings. The living and dining areas showcase attractive wood look laminate flooring that adds warmth and style, while durable ceramic tile flows throughout the remainder of the home. Every room has been thoughtfully maintained, creating a move in ready experience that allows you to start enjoying the Florida lifestyle from day one. Outside, the curb appeal is exceptional. The lush green lawn is so impressive it may inspire a little friendly neighborhood envy. The oversized porch is destined to become your favorite spot in the house, offering front row seats to breathtaking lake views, colorful sunsets, and nature's daily show. And the home is only part of the story. Timber Oaks offers an incredible amenity package that makes every day feel like a resort getaway. Enjoy the heated lakefront pool and hot tub, fitness center, library, billiard room, sewing room, computer room, card room, performing arts center, tennis courts, shuffleboard, bocce ball, and a vibrant calendar of social activities. Conveniently located less than an hour from the airport and close to shopping, dining, medical facilities, beaches, and entertainment, this home delivers the perfect combination of tranquility and accessibility. The seller invested over $90,000 in improvements with no plans of moving, which means their loss is truly your gain. If you have been searching for an updated waterfront home that combines comfort, beauty, and an active lifestyle, this one deserves a spot at the top of your list. Schedule your private showing today and come see why the hardest part of owning this home may be convincing your friends and family to leave after they visit. Once they see the view, they may never want to go home.
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.
