“Magnificent” hardly captures the breathtaking golf and water views showcased by this gorgeously updated home, set on a secluded cul-de-sac. Designed for both comfort and entertaining, the home features quartz countertops in the kitchen and both baths, upgraded appliances, and plank-style tile flooring throughout—with the exception of one guest bedroom for added comfort. The massive, extended living area is a true showstopper, perfectly positioned to take in sweeping views of the golf course. With three spacious bedrooms, ample closet space, double vanities in the primary bath, soft-close drawers, and a full two-car garage, this home checks every box. Step outside to enjoy a fenced yard with a charming gazebo, plus a cozy seating area ideal for relaxing evenings—or watching nearby rocket launches light up the sky. There is even a little piece of history moments from your back door. And no popcorn ceilings to be seen anywhere! Roof - 2017 HVAC - 2023 Located in the sought-after Spruce Creek South community, you’re just minutes from the dining, shopping, and entertainment of Spanish Springs in The Villages, while enjoying an incredible array of amenities right at home. This gated, golf-cart-friendly community offers an 18-hole golf course, a 25,000-square-foot clubhouse, fitness center, ballroom, library, hobby and game rooms, The Links restaurant, and an impressive lineup of activities including pickleball, tennis, bocce, volleyball, basketball, a pool and spa, softball and horseshoe teams, water aerobics, dance clubs, and so much more. This is more than a home—this is the lifestyle you deserve.
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.
