4821 NE 122nd Ave, Oxford, FL 34484
3 beds · 2 baths · 1,440 sqft
ASSUMABLE LOAN (2.875%) - SUMTER COUNTY - NO BOND - The Village of Parkwood is a FAMILY FRIENDLY gated community right next to The Villages, Florida. Located approx. 2 miles away from The Villages Charter Schools (Elementary & Middle) and an ABUNDANCE of convenience: approx. 18 restaurants, 3 grocery stores, Walmart, gas stations, clothing, Hobby Lobby, upcoming Costco and so much more. One of the best things about this home: PRIVACY - no homes behind. Primary bedroom and 2nd bedroom have direct access to the screened lanai with a STUNNING GREENSPACE view that's lined in the far back by beautiful trees. Popular TULIP floor plan features 3 bedrooms, 2 baths, dining room, kitchen open to the Family Room and INSIDE laundry. Beautiful VAULTED CEILINGS // UPGRADES: HVAC 2023 / WATER HEATER 2024 / REFRIGERATOR 2023 / MICROWAVE AND RANGE - 2024 / WASHER and DRYER - 2024 / DISHWASHER - 2024 / CONTINUOUS VINYL FLOORING THROUGHOUT with 6" BASEBOARDS - 2024 / PLANTATION SHUTTERS IN LIVING and DINING ROOM / GARAGE OPENER - 2024 / INTERIOR + EXTERIOR PAINT - 2023 / RESCREENED BACK LANAI - 2024 / ROOF AGE: 13YRS. // HUGE Community Clubhouse features a Swimming Pool, Exercise Room, Park, Playground, Tennis, Basketball and Tennis Courts // Information deemed reliable but not guaranteed. Room dimensions are approximate.
Source: STELLAR #g5088300
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5088300
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: #g5088300
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.