Welcome to this stunning and meticulously maintained five-bedroom, two and a half-bathroom residence offering nearly 3,000 square feet of thoughtfully designed living space in the highly desirable Andover Lakes community of Orlando. Combining spacious living areas, modern updates, and an unbeatable location, this exceptional home is the perfect blend of comfort, functionality, and style. From the moment you step inside, you’ll be greeted by soaring ceilings, abundant natural light, and an inviting open-concept floor plan designed for both everyday living and effortless entertaining. The expansive living room provides an impressive gathering space and features dual ceiling fans for year-round comfort. The heart of the home is the beautifully updated gourmet kitchen, showcasing stainless steel appliances, a large floating center island, extensive cabinetry, generous counter space, and a spacious pantry. Overlooking the oversized family room, this chef-inspired kitchen creates the ideal setting for hosting family and friends while staying connected to the action. Retreat to the luxurious first-floor primary suite, a private sanctuary featuring elegant laminate flooring, an oversized walk-in closet with custom built-in shelving, and a spa-inspired en-suite bath complete with dual vanities, a walk-in shower, and a relaxing garden tub designed for unwinding after a long day. Sliding glass doors lead to a covered and screened 12’ x 10’ lanai, creating the perfect indoor-outdoor living experience. The fully fenced backyard offers ample room for pets, play, gardening, or even the future addition of a custom pool, making it your own private outdoor oasis. Additional first-floor highlights include beautiful tile flooring throughout the main living areas, a convenient interior laundry room, and an oversized two-car garage with abundant storage space. Upstairs, you’ll discover four generously sized secondary bedrooms, each featuring ceiling fans, ample closet space, and attractive laminate flooring throughout. A well-appointed guest bathroom with dual sinks and a tub/shower combination provides convenience for family and guests alike. Completing the second level is an enormous bonus room offering endless possibilities as a media room, game room, home theater, fitness studio, home office, or playroom. Enjoy peace of mind with major recent updates, including ROOF (2022), downstairs A/C (2022), upstairs A/C (2021), and WATER HEATER (2022). Perfectly positioned in one of East Orlando’s most convenient locations, residents enjoy easy access to shopping, dining, grocery stores, major highways, UCF, Downtown Orlando, Orlando International Airport, Lake Nona Medical City, and Central Florida’s world-famous attractions including Walt Disney World and Universal Orlando Resort. Florida’s beautiful East Coast beaches are less than an hour away. Whether you’re searching for your forever home, a multi-generational living opportunity, or a strong investment property, this exceptional residence delivers. Located within a family-friendly community and zoned for highly rated schools, this move-in-ready home offers the space, upgrades, and lifestyle today’s buyers are looking for. Don’t miss your opportunity to own this spacious Orlando gem that truly has it all—modern upgrades, flexible living spaces, and an unbeatable location.
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.
