Bright & Inviting End-Unit Villa in On Top of the World Welcome home to this beautifully maintained 2-bedroom, 2-bath villa with a versatile flex space, perfectly positioned as an end unit for extra windows and abundant natural light. From the moment you step onto the tiled front porch with screened door entry, you’ll feel the warmth and comfort this home offers. Inside, the open layout features tile flooring throughout the main areas, crown molding, and warm, inviting paint tones that make every room feel cozy yet elegant. The kitchen is thoughtfully designed with stone countertops, a stylish tile backsplash, stainless steel appliances, and a breakfast nook that opens to a casual living area—perfect for morning coffee or easy entertaining. You’ll also find a formal living and dining room, offering plenty of space for gatherings or quiet evenings at home. The flex room makes an ideal office, craft space, or reading nook. The primary suite features a walk-in shower, while the guest bath includes a tub/shower combo for versatility. Relax on the covered lanai, a low-maintenance outdoor space – ideal for easy access to fresh air and sunshine! Best of all, this home is being sold furnished, making your move effortless and your Florida lifestyle instantly attainable. Nestled within the premier 55+ community of On Top of the World, you’ll enjoy resort-style amenities, friendly neighbors, and maintenance-free living at its finest. Call for your private tour!
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.
