Move-In Ready in Pepper Tree Village! Located in the desirable community of Pepper Tree Village, this stunning 4BR/3BA home offers the perfect blend of comfort, style, and convenience—just minutes from The Villages, as well as shopping, dining, schools, and entertainment. Situated on an oversized 0.23-acre corner lot overlooking the community park, this 2,279± SF under-air residence features a thoughtfully designed layout with a formal dining room, breakfast nook, spacious living area, office/den, inside utility room, and an oversized 2-car garage. Built in 2020, this home provides modern construction and low-maintenance living for years to come. Step inside to an open-concept floor plan highlighted by soaring ceilings and abundant natural light. The expansive kitchen is a true centerpiece, featuring stainless steel appliances, ample counter space, shaker-style wood cabinetry with soft-close hinges, and a walk-in pantry. The kitchen seamlessly overlooks the living room, creating an ideal space for entertaining, with a glass door that open to the outdoor living area. The spacious primary suite offers private patio access and a luxurious ensuite bath complete with dual vanities, his-and-hers closets, a soaking tub, and a walk-in shower. Guest bedrooms are generously sized, with well-appointed bathrooms—one of which conveniently serves as a pool bath. Outdoors, enjoy a screened-in lanai perfect for relaxing or hosting family and friends. With its prime location, modern features, and exceptional layout, this home truly has it all. Schedule your private showing today—this one won’t last!
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.
