One or more photo(s) has been virtually staged. Refined, extensively upgraded, and exceptionally maintained, this designer-inspired townhome stands out as one of the most refined and thoughtfully improved opportunities in the area. Offering peaceful water views, a highly functional multi-level layout, and a quiet setting that feels tucked away from the pace of the city, this home delivers a rare blend of style, flexibility, and convenience just minutes from Lake Nona. From the moment you arrive, the quality of care and pride of ownership are immediately evident. The first floor features one of the home’s most valuable and versatile design elements: a private bedroom and full bath with its own separate entry, creating an ideal setup for guests, multigenerational living, a private office, or an extended-stay suite. It is a floor plan feature that adds meaningful flexibility and sets this property apart. The second-floor living space is where the home truly opens up, with a bright and airy layout designed for both daily living and elevated entertaining. Large windows frame beautiful water views and bring in abundant natural light, while the open-concept design connects the living, dining, and kitchen areas in a way that feels both spacious and intentional. The kitchen has been elevated with finishes that go beyond what is typically found in comparable homes, including staggered upper cabinetry, granite countertops, stainless steel appliances, generous storage, and a large center island that anchors the space beautifully. Throughout the home, the owner’s investment in cosmetic improvements is unmistakable. With tens of thousands of dollars in updates, the interiors have the feel of a polished model home or HGTV-style showpiece. The finishes are clean, current, and cohesive, and every space has been thoughtfully curated to enhance both style and function. Wide-plank wood-look flooring, carefully selected design details, and an overall sense of consistency give the home a refined, move-in-ready presentation. The primary suite offers a true retreat, complete with tray ceilings, a spacious layout, and a beautifully appointed bath featuring dual vanities, a soaking tub, and a seamless glass shower that adds a more custom, upscale feel. Additional rooms provide flexibility for a variety of uses, including one bedroom that has been fully transformed into an impressive themed home theater room, creating a level of character and lifestyle appeal rarely seen in homes of this age and price point. Equally compelling is the setting. This home enjoys a quiet, peaceful atmosphere with water views and a sense of separation from the hustle, while still keeping you closely connected to everything that makes this location so desirable. Positioned just outside the busiest pace of Narcoossee Road, you can enjoy easy access to Lake Nona’s dining, shopping, and everyday conveniences without feeling caught in the middle of it. Located near Lake Nona’s Medical City, Orlando International Airport, and a growing mix of recreation and lifestyle amenities, with easy access to SR 417 and SR 528.
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.
