7764 JUNE LN, Wildwood, FL 34785
VA ASSUMABLE!!! Beautiful 3/2 Clifton model in the Beaumont Community adjacent to The Villages. This Safe Haven Smart home has open and split floor plan. Master bedroom has dual walk-in closets and ensuite bath with dual vanities, walk in shower, linen closet and private water closet. Kitchen has granite counter tops, walk in pantry closet, stainless steel appliances, large open granite island with breakfast bar and plenty of storage. Kitchen is open to the living and dining room, great for entertaining. Sliding glass doors open to your screened lanai. Features you’ll love are transom window over front door, ceiling fans with light kits throughout, coat closet, epoxy garage floor, tile in public areas and luxury vinyl in guest bedrooms, interior laundry room and Eufy Smart lock on the front door. The community HOA includes your lawn maintenance, basic cable and internet. Amenities at Beaumont include swimming pool, clubhouse with gym, bocci ball and pickle ball courts. You are just minutes away from Brownwood Paddock Square dining, shopping and nightly entertainment. Be sure to watch our video of this home and schedule an appointment to see it today. Bedroom Closet Type: Walk-in Closet (Primary Bedroom).
You may be able to put down less than the total down payment amount of $5,398 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: #g5077082