One or more photo(s) has been virtually staged. Own a home in the beautiful, highly sought-after Tuscawilla neighborhood of Winter Springs. Known for its spacious lot sizes, mature landscaping, parks, and convenient accessibility, Tuscawilla is truly a gem in Central Florida. Situated on a generous 0.38-acre lot, this home has been thoughtfully updated in recent years, including a complete rewire (2026), new roof (2024), HVAC (2019), and water heater (2018)—providing peace of mind for years to come. The backyard and pool area are a true oasis, featuring an oversized pool, screened lanai, and expansive deck space—perfect for enjoying the Florida sunshine. The fully fenced yard offers ample room for playsets, a firepit, hobbies, or furry friends. In addition to the backyard retreat, a private front courtyard adds charm, character, and endless possibilities for outdoor living. Inside, the kitchen was remodeled in 2019 to create a more open floor plan and features new cabinetry, stone countertops, tile backsplash, stainless steel appliances, a distinctive range hood, and recessed lighting.The primary suite offers a spacious walk-in closet and versatile bonus area ideal for an office, gym, nursery, or additional storage. Multiple living spaces—including a living room, family room, and flexible bonus area—provide options for a dining room, playroom, office, or additional lounge space with views of the pool. Enjoy the added benefit of NO HOA. Location is everything, and this property delivers—just over a mile from Tuscawilla Country Club, less than three miles from two shopping centers (each with a Publix), four miles from SR-417, and approximately three miles from Winter Springs High School and Central Winds Park. Scenic trails and parks are woven throughout the community, enhancing the lifestyle Tuscawilla is known for.
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.
