Welcome to 986 Grand Wildmere Cove located in Grandview at Lake Wildmere, a private, gated community situated on the shores of Lake Wildmere. This stunning three bedroom, two and a half bath townhome is ready to welcome its next owner. Upon entering you will experience complete open concept living at its finest with a generously sized living room and dining room. The adjoining warm and inviting kitchen offers plenty of granite countertop space, a large walk-in pantry, and comes complete with stainless steel appliances. A powder room is located downstairs for guest convenience and sliding glass doors open up to outdoor living. Upstairs to the right you will find the spacious main suite with large walk-in closet and ensuite with dual vanities and a walk-in shower. To the left are two secondary bedrooms and a shared bathroom. The second floor also provides a loft, perfect for a home office, reading nook, or hang out space. Whatever your needs might be. A laundry closet (washer and dryer included) is situated on the second floor, so no hauling laundry up and down the stairs in this home! Residents of Grand View at Lake Wildmere also have access to the community pool, a fishing dock, and beautiful views of Lake Wildmere. Don't miss out on the opportunity to own this beautiful home in Grand View at Lake Wildmere.
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.
