The perfect Hanover 3 Bedroom 2 bath Golf course home is just awaiting you. As you walk up to the twin leaded glass doors you will see the well-manicured lawn and shrubbery in rock beds with curbing going around the entire home. Enter the Foyer and see the laminate wood flooring, the crown molding and the great views. The kitchen with its tall Maple cabinets has been extended for more cabinet space. Upgrades to the kitchen include, stainless steel appliances, granite counters with a granite backsplash, solar tube, rollout soft close drawers, laminate wood flooring, with pendant lights, and top of the line faucet and sink. The dining area overlooks the great room with its crown molding and wooden valances, and views the golf course. The original model showed a formal dining room that is currently being used as a craft room with crown molding and plantation shutters, with other uses available. The primary bedroom overlooks the golf course and has carpet, crown molding and plantation shutters. Ensuite has completely been remodeled with a large double shower with benches on both sides, a double quartz vanity, laminate flooring and unusual fans and lights with one fan playing music. Both guest bedrooms feature plantation shutters with one having laminate wood flooring and the other carpeting. One of the guest bedrooms has its own private entrance into the 2nd bathroom which has also been updated. The enclosed lanai with its stucco wall , roller shades, fans with lights and carpet. Just outside the lanai is a patio for grilling or catching the sun. This fine home has its own WELL FOR IRRIGATION, a whole house surge protector, all new windows in 2020, new roof in 2021, new HVAC in 2022, new hot water heater in 2025. The average electric bill is only $30 per month as this home has solar panels that have been paid for and 6 inches of insolation also added. Newer deluxe washer and dryer are in the inside laundry room with a utility sink and cupboards above. The garage with a golf cart garage has been extended 4 feet and has lots of storage, with drop down stairs for storage above, a fan, a utility sink, a side door and a window, plus a workbench included with the sale. The list of the haves can go on, so you need to make plans quickly, as this is a one of a kind Hanover.
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.
