Vacant and Move in Ready!!Welcome to your dream Windsor model retreat in the vibrant 55+ community of On Top of the World! This stunning corner lot in a cul de sac home built in 2017, offers the perfect blend of contemporary design and serene living, ideal for those seeking an active and fulfilling lifestyle. As you step inside, you are greeted by an inviting open floor plan that seamlessly connects the living, dining, and kitchen spaces. The abundance of natural light floods the area, enhancing the home’s warmth and welcoming ambiance. This 2 bedroom and 2 bath plus den/office/sewing room opens to The spacious living room flows effortlessly into the dining area, making it perfect for entertaining family and friends or enjoying quiet evenings at home. At the heart of this home lies a beautifully designed kitchen that will delight any chef. Featuring sleek stainless steel appliances, ample cabinetry, and a huge island, it provides both functionality and a stylish focal point for culinary adventures. Imagine gathering around the island for casual meals, coffee chats, or simply a place to showcase your culinary talents! Step outside to the serene screened-in lanai, where you can relax and soak in the tranquility of your private Greenway backyard. The lanai is perfect for sipping your morning coffee or unwinding with a good book in the evening breeze. The picturesque palms of the backyard adds to the peaceful atmosphere, giving you a sense of sanctuary right at home. The corner lot not only provides additional space and privacy but also enhances the curb appeal of this charming property, surrounded by the community's picturesque landscaping and friendly neighbors. Experience all that the On Top of the World community has instore, from social clubs to fitness activities and beautiful walking trails, ensuring that there's never a dull moment for its residents. Here, you can create cherished memories in a vibrant environment tailored to your lifestyle. Don’t miss the opportunity to make this stunning home yours and embrace the enriching experiences that await in this exceptional community! Visit today and see for yourself why this property is the perfect place to call home. Hoa is 512.80 / month an includes all of the incredible amenities of On Top of the World a wonderful golf cart community!
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.
