4294 Reverence Pl Ave Maria, FL 34142
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About this home
***ASSUMABLE VA MORTGAGE (BY VETERAN)*** Welcome to 4294 Reverence Place, a spacious and beautifully finished TWO-STORY home in Ave Maria, Florida. Built in 2022, this residence offers 5 BED+DEN/4.5 BATH, and an expansive 4,342 SQUARE FEET of living space. With $100,000 IN UPGRADES, this home combines thoughtful design with quality finishes. The property is built with impact windows throughout and includes a TWO-CAR GARAGE WITH A TANDEM BAY, providing space for THREE CARS, with the main two-car section EXTENDED BY AN ADDITIONAL 4 FEET. Inside, SOARING CEILINGS and 8-FOOT DOORS enhance the home’s open feel, while an abundance of natural light creates an inviting atmosphere. The kitchen is a CHEF'S DELIGHT, featuring BUILT-IN APPLIANCES, LEVEL 5 COUNTERTOPS, upgraded SINGLE-BOWL SINK, white cabinetry, and a distinctive FISH SCALE BACKSPLASH. Additional highlights include a LAUNDRY TUB, OUTDOOR KITCHEN PRE-PLUMB, and elegant finishes throughout. The SCREENED-IN LANAI opens to a spacious backyard with a tranquil lake view and room to add a pool. This home also offers the rare opportunity of an ASSUMABLE VA MORTGAGE at 5.25%, available to veterans who qualify to substitute their eligibility. Perfectly located, this home is VERY CLOSE TO DONAHUE ACADEMY & AVE MARIA'S TOWN CENTER, putting shops, dining, schools, parks, and community events within easy reach. As part of Ave Maria, a nationally recognized BLUE ZONE community and ranked #16 among the top master-planned communities in the U.S., residents enjoy a vibrant lifestyle that blends natural beauty, health-focused design, and convenience. Ave Maria: where community meets paradise. ***PICTURES FROM BEFORE TENNANTS MOVED IN; WILL BE UPDATED ONCE TENNANTS MOVES OUT MID SEPTEMBER***
Source: FORTMYERS #225067894
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.