10050 Regatta Blvd, Oxford, FL 34484
3 beds · 2 baths · 1,550 sqft sqft
Step into this former Model Villa Home with lots of upgrades.Tile throughout,no carpet 55+ area of Lakeside Landing.A gated community surrounded by the amenities of The Villages. Home has 10,11 & 12 ft ceilings with great lighting from the tall windows a leaded glass front double doors give the home a spacious feel.New matched ceiling fans with remotes in every room.An upgraded 3 Ton Lennox 2-stage AC system with whole home air purification system installed March 2024.New Hot Water Heater 2024.Private screened enclosed Patio with roller blinds for shade and privacy,and room for a BBQ.Lots of Built in garage storage insulated garage door,epoxy flooring plus Extra out door parking.. Lakeside Landing has a Las Vegas style pool and Jacuzzi,tennis,Pickelball courts,putting green,pool tables and a great workout room and much more in the well appointed Clubhouse.Smaller pool and Jacuzzi also available fishing Pier on Lake Miona. HOA takes care of lawns and landscaping plus most exterior maintenance. Great alternative to The Villages. Leisure living at its best New Roof will be installed on Home within 30 Days
Source: STELLAR #om685694
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #om685694
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #om685694
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.