Nestled in the heart of booming Clermont on an expansive .31-acre lot, this beautiful 3 bedroom, 2 bathroom home offers the perfect balance of privacy and open-concept living. The split floorplan centers around a bright, airy family and dining area designed for seamless entertaining. Culinary enthusiasts will love the kitchen’s sleek granite countertops and stainless steel appliances, along with a charming kitchenette surrounded by windows that bathe the space in natural light. The primary suite serves as a private retreat with a generous walk-in closet and a spacious shower, while the two additional bedrooms share a well-appointed second bath with a tub. Step outside to discover a MASSIVE backyard with endless possibilities; whether you envision a lush garden, a premier entertaining space, or a secure area for pets and little ones to play, this oversized lot provides the room to make it a reality.Experience a lifestyle defined by nature and convenience in this prime Clermont location. Just minutes away, Palatlakaha River Park serves as your gateway to the pristine Clermont Chain of Lakes, offering a boat ramp and fishing pier for endless days exploring Lake Susan, Lake Minnehaha, and Lake Louisa. The park itself is a local treasure, complete with scenic nature trails, a playground, and shaded cabanas. For a change of pace, immerse yourself in the charm of Historic Downtown Clermont off the shores of Lake Minneola. This vibrant hub is the "happy place" you’ve been looking for, featuring quaint eateries, local breweries, live music, and a beloved weekly Farmer’s Market.Outdoor enthusiasts will thrive with direct access to the South Lake Bike Trail. This premier 15-mile paved route showcases Central Florida’s rolling hills and connects you to the beautiful waterfront vistas of the Lake Minneola Scenic Trail. For an ambitious Saturday ride, the trail even connects to the West Orange Trail, leading you straight into Downtown Winter Garden.The connectivity here is unmatched: enjoy the peace of a scenic neighborhood while being only 30 minutes from Disney and 40 minutes from Downtown Orlando and the International Airport. With top-tier hospitals, golf courses, and major retail just around the corner—plus quick access to the Florida Turnpike—this location offers the quiet, bucolic lifestyle you’ve been dreaming of without sacrificing modern essentials. ROOF 2020. AC 2019.
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.
