1106 CARVELLO DR, The Villages, FL 32162
No Bond -Welcome to this charming 2 Bedroom, 2 Bath home located in the THE VILLAGES OF SUMTER VILLA LA CRESCENTA, Open concept, Home features Ceramic Tile floors throughout the Living room, kitchen, hallway and guest bath, Kitchen has plenty of cabinets for storage, Space for breakfast nook, Counter space for eat in kitchen, Closet Pantry, Refrigerator, Gas stove, Dishwasher and Reverse Osmosis water filtration for home. Ceiling fans throughout home, Spacious Primary Bedroom 16'x12' with large walk-in closet with storage organizers, Primary bath has walk-in shower with glass doors. Second Bedroom 12' x12' has built-in closet, Both bedrooms have Laminate flooring. Living Room 13' x20' with dining area 10' x16', Guest bath was totally remodeled in 2019 and features Tube Solar lighting, Roof 2017, Hot water heater 2016, Just off living room features sliding doors that lead out to a brick paver patio. Front entry features screened in porch for relaxation. Garage features washer & Dryer hook up, Attic access for extra storage, Sliding screen doors which allow you to open Garage door and allow to cool but still protecting from the elements. Outside features mature landscaping, Roof gutters, Paver Driveway, Garage Coach lights and Light post This is a gated golf community and Golf cart friendly. Great location close to Spanish Springs, Savannah Center, Shopping and Hospital. NO Bond. Come see this home before its gone.
You may be able to put down less than the total down payment amount of $103,346 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #v4937142