PRIDE OF OWNERSHIP from a detailed oriented owner, house has been completely gone through and is MOVE IN READY! Welcome to 913 Powell St., Wildwood, FL 34785 — Great Retirement or Starter Home! This bright and inviting 3-bedroom, 2-bath ranch-style block home in the heart of Wildwood, and golf-cart friendly neighborhood with NO HOA, yes that's correct NO neighborhood fees or home owner's association! This large corner lot single-story home has been freshly updated with new luxury vinyl flooring and freshly painted walls throughout, shiny stainless steel appliances, 5 year old shingle roof, Aeroseal Duct Sealing and seller is giving you the washer and dryer, large wall mounted smart tv in secondary bedroom just as a nice bonus! The split floor plan with private primary bedroom off the kitchen offers a comfortable flow with plenty of natural light. Enjoy a thoughfully designed modern kitchen featuring sleek finishes and a convenient breafast bar that opens to the great room, creating a seamless flow for entertaining and everyday living. The efficient layout keeps you connected to the action, whether you're preparing meals or spending time with guests. Treat yourself to your morning coffee on the covered front porch to watch the sunrise, then unwind in the evening on the screened-in back patio or around the outdoor fire pit for peace and tranquility. Sitting on over a third of an acre, this lovely home offers the perfect blend of small-town charm and modern day conveniences. Enjoy the peace and space of Wildwood living while being close to all the shopping, dining, and daily entertainment in The Villages and surrounding neighborhoods , like Lake Sumpter Landing Market Square or Brownwood Paddock Square just to name a few, that are just minutes away! This desirable home is also conveniently located near Highway 301 and CR 466 for easy travel, and is also conveniently located just minutes from quality healthcare facilities and top rated hospitals. We invite you to visit and schedule your tour today! This home is waiting for you!
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.
