9090 SE 135th Loop, Summerfield, FL 34491
2 beds · 2 baths · 1,148 sqft
Get a free consultation call with an expert in the mortgage assumption process.
NEW laminate flooring to be installed by May 1st. Reduced $10,000. This dynamically spacious home in Deb Webb Spruce Creek Golf and Country Club comes complete with Solar panels that are paid in full. (average utility bill $63.) The front of home is brick accented and has plush landscaping & the back yard has a natural privacy screen of lush bushes. The screen patio offers sliding glass entry doors to the open 4 season Florida room with new laminate flooring and high end sliding windows. The formal dining area with vaulted ceiling opens to the kitchen with breakfast bar and under/over laminate counters, mood lighting. There's a new sink and a peek a boo window to the bonus Florida room. This kitchen has ample storage and the accented light under and over the cabinetry sets a picture perfect design for the new owners. The attached 2 car garage has a utility door and newly upgraded flooring plus there's a roll-up screen door to compliment the solid overhead garage door. The HVAC and roof replacements are only a few years old. The laundry hook ups and wet sink are in the garage along with the sprinkler system controls. There's also a generator hookup for those 'just in case' times. The 2 bedrooms are carpeted and each has a bathroom and linen storage. The primary bedroom has a huge walk in closet with built in storage organizers and built in clothes drawers. Ceiling fans compliment the bedrooms. The living room has a catherdral ceiling that gives a grand entry feeling. This home has generous landscaping and a sidewalk up to the covered front entry porch. Such a great area in a neighborhood of other fine homes. Walk, bike, or golf cart to the pools, the golf course, dog park or enjoy the entertainment at the clubhouses. Immeidate Care facility just outside the entrance to Deb Web's Spruce Creek Country Club Estates.
Source: STELLAR #OM697393
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #OM697393
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.