Waterfront- Nestled along a great fishing canal that opens up to the stunning Lake Panasoffkee. This custom built 3-bedroom, 2-bath home offers a spacious open floor plan with soaring ceilings and recessed lighting throughout. Each bedroom includes a walk-in closet, offering ample storage space, and there's additional built-in storage thoughtfully placed throughout the home.The kitchen is a chef’s dream—featuring granite countertops, real wood cabinetry, Travertine flooring, a walk in pantry and a large breakfast bar with seating that's perfect for entertaining family and friends. The primary bedroom is very generous in size that has a very functional bathroom and walk in closet combo with a walk-in shower. The home also includes a dedicated indoor laundry room for added convenience when doing laundry that is located near attached garage. One of the standout features is the set of double doors that open to a generously sized screened lanai, ideal for relaxing while enjoying the serene water views and wildlife just steps away. The back lanai has custom plank tiled floors, with an area that is plumbed for an outdoor kitchen or a hot-tub and wired for a television with additional outlets throughout. Whether you're looking for a peaceful retreat or a home built for hosting, this waterfront gem has it all. Just minutes away, you'll find multiple boat ramps that provide easy access to Lake Panasoffkee--renowned for some of the best fishing in Florida.The lake flows into the scenic Withlacoochee River, where you can enjoy boating, kayaking, and viewing an abundance of native wildlife. Enjoy the small-town charm while still being just minutes from The Villages that hosts free nightly entertainment, golf courses, shopping, dining, and much more! You're also close to Florida’s west coast, offering waterfront dining, kayaking, fishing, beaches, and natural springs for the perfect weekend adventures. Convenient access to I-75 and the Florida Turnpike makes travel to Orlando’s theme parks and major airports a breeze. This home gives the perfect blend of comfort, privacy, and convenience to the Florida lifestyle. Equal Housing Opportunity.
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.
