Fairway Oaks! Four Bedroom/Three Bathrooms/Two Car garage located in a Cul de sac! Huge and fenced in Backyard! This stunning 4-bedroom, 3-bathroom pool home is perfect for those who love to entertain with vaulted ceilings and two skylights for all of the natural sunlight that you will need during the day. Nestled on a cul-de-sac, it is surrounded by beautiful tropical landscaping that creates a serene atmosphere. The enclosed screened-in pool area features a large covered patio, ideal for hosting gatherings. This Home Features a spacious layout with a Double Split-bedroom plan includes a living room and family room, ensuring ample space for relaxation and entertaining. The Master Suite features a Large master bedroom with a walk-in closet, along with three generously sized additional bedrooms, each equipped with walk-in closets. The Kitchen is equipped with newer Stainless Steel appliances and a large breakfast bar that opens to the family room, plus a pass-through window to the pool area, and with the Fully fenced yard ensures privacy. Convenient Location: Close to Hudson Beach, Sun West Beach, shopping, golf courses, and restaurants. Well-Maintained: New roof installed in 2020, climate-controlled laundry room, and gorgeous dark wood plank laminate flooring in the main areas. Stylish Details: High ceilings and skylights add to the appeal, along with carefully selected lighting fixtures and paint colors. LOW HOA fees $225 per YEAR, NO CDD FEES! Located in Hudson, FL, Fairway Oaks is a beautiful community comprised of 350 custom designed single family homes. It is located less than five miles from the Gulf of Mexico and is close to shopping and schools, both public and private. The majority of the residents live here year round, while some homeowners vacation here for a few weeks or a few months at a time. In addition to its friendly residents, Fairway Oaks has built a reputation for its well maintained homes and common areas. It has a dedicated Board of Directors.
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.
