Rare end-unit townhome featuring a sought-after loft floor plan, a charming front porch overlooking the pond, pond views from every bedroom, and an ASSUMABLE mortgage with a low 2.75% interest rate for qualified buyers. This bright and spacious 3-bedroom, 2.5-bath home offers a unique combination of indoor and outdoor living. Start your mornings with coffee on the front porch while enjoying peaceful water views, or unwind in the evening while taking in the sunset over the pond. As an end unit, the home benefits from additional windows that fill the space with natural light and create an open, airy feel throughout. Inside, the open-concept floor plan seamlessly connects the living room, dining area, and kitchen. The kitchen features granite countertops, a decorative tile backsplash, pantry, additional storage closet, and a large island with seating. Upstairs, a versatile loft provides valuable extra living space—perfect for a home office, media room, playroom, or study area—an advantage over many competing floor plans that offer a balcony instead of usable indoor space. The primary suite overlooks the pond and features a walk-in closet and ensuite bath with dual granite vanities. Additional features include luxury vinyl plank flooring throughout the main living areas, granite countertops in all bathrooms, a convenient second-floor laundry room with glass doors and storage cabinets, a drop zone near the garage entry, storage shelving in the two-car garage, and ample storage throughout the home. Ideally located in the heart of Lake Nona, just minutes from Medical City, Lake Nona Town Center, USTA National Campus, Orlando International Airport, shopping, dining, major highways, and top-rated schools. *Assumable mortgage available for qualified buyers. Buyer must meet lender requirements and approval.*
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
