Virtually Staged. SPECIAL FINANCING OPPORTUNITY! Buyers may qualify for a reduced interest rate and additional closing incentives when using the seller’s preferred lender. Contact us for details! Beautifully Renovated 3-Bedroom, 2-Bath Single-Family Home in the Heart of Orlando! Move-in ready and full of charm, this stunning residence combines comfort, style, and an unbeatable location. Featuring elegant wood-look ceramic flooring throughout (NO carpet), this home has been thoughtfully updated to offer modern living with timeless appeal. The spacious kitchen is a true centerpiece, showcasing a large granite island, stylish dark cabinetry, and stainless steel appliances — perfect for entertaining or everyday living. The home also features TWO brand-new AC units, plus an additional AC unit in the game room for extra comfort year-round. Additional upgrades include: • Roof replaced in 2021 • Renovated bathrooms with updated vanities, countertops & light fixtures • New gutters throughout the home • New white vinyl fence on the side of the property • Spacious backyard ideal for relaxing or entertaining The versatile game room can easily be used as an extra bedroom, media room, office, or flex space to fit your lifestyle needs. Enjoy resort-style community amenities including water access, swimming pool, tennis courts, sand volleyball, playground, and more! Conveniently located near restaurants, shopping, major highways, and Orlando’s world-famous theme parks. Some photos have been virtually staged to help showcase the incredible potential and design possibilities of the home. Don’t miss this opportunity to own a beautifully updated home in one of Orlando’s most convenient locations! Room measurements are approximate.
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.
