Built in 2022, this Bergamo model (NEW DESIGN) with an OFFICE/FLEX ROOM is located in the GATED 55+ Community of the Esplanade at Highland Ranch in the Rolling Hills of Clermont. Upon entry you will be greeted by an OPEN FLOOR PLAN with 9'-4" CEILINGS and 8 FOOT DOORS throughout. There is a current VA loan in place that is Assumable pending buyer qualifications. The interest rate is 3.5% with an approximate loan balance of $340,500 loan balance. This 2 Bedroom, 2 Bath, 1,758 sq ft ONE STORY home offers GREAT room sizes. UPGRADED STAINLESS KITCHEN APPLIANCES, Exterior Vented Microwave, QUARTZ 5cm Countertops throughout, Pendant Lighting over a LARGE ISLAND with FRONT FACING CABINETS for extra storage, BREAKFAST BAR and a Large Walk-In Pantry, Touchless Kitchen Faucet and a Filtered Drinking Water. You will also appreciate the 42" UPGRADED Solid Wood Cabinetry with a Glass Subway Tile Backsplash. The GENEROUS size of the Primary Suite offers a large WALK-IN SHOWER with SEAT, Upgraded Wall Tile and a Glass Shower Enclosure, Comfort Height DOUBLE VANITIES, Separate Water Closet, Linen Closet and a WALK-IN CLOSET. Some of the offered upgrades are Glass French Doors on the Office/Flex Room, Upgraded Ceramic Tile Floors in the Main Living Areas, Bathrooms, Laundry Room and Flex Room. There is a Floor Receptacle (Fantastic for those power recliners) and Additional Ceiling Lighting in Family Room, OVERSIZED Trim, "B" Elevation and RAIN GUTTERS and an EPOXY PAINTED Garage Floor. A TANKLESS HOT WATER HEATER will allow an ENDLESS Supply of Hot Water, Double Pane Vinyl Windows with Low-E and Argon Gas, FOAM FILLED BLOCK WALL INSULATION in the Living Areas, R-38 Ceiling Insulation for additional ENERGY SAVINGS and an Insulated Garage Door. The Interior Laundry Room Includes the Washer, Dryer and shelving for your convenience. Bedroom 2 with a nice size Walk-in Closet is adjacent to Bathroom 2, making it convenient for guests. All Window Treatments convey with the home. Enjoy your LARGE FULLY FENCED REAR YARD while sitting on your EXTENDED LANAI with a Patio embracing the Open Space. The Lanai also has a Double Ceiling Fan and a connection for your wall mounted TV to enjoy your favorite shows. COMMUNITY AMENITIES include an RESORT STYLE POOL, Clubhouse, Spa, Resistance Pool, Tennis, Pickle Ball and Bocce Courts (All of the Sports Courts are Lighted for Night time Play), Fire Pit, Movement Studio, Many Activities, Billiards & more. Don't forget the DOG PARK for your furry family members too! Close to SOUTH LAKE HOSPITAL, VA, Medical Offices, NTC (National Training Center), SHOPPING & DINING, Miles of Biking/Walking Trails, and a 15 minute drive to either Downtown Clermont or Winter Garden for more enjoyment. For your traveling convenience, The Esplanade at Highland Ranch is a few minutes to the Florida Turnpike and Approximately 35 Minutes to Orlando International Airport (OIA), Attractions and Orlando's Dr Phillips Famed Restaurant Row. HOA includes Amenities, Lawn/Shrub Care, Fertilizing, Irrigation Maintenance and much more. The Esplanade at Highland Ranch DOES NOT have a CDD. Come and take a look at this GREAT HOME.
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.
