Set on an expansive .4-acre homesite with private boat ramp and dock access to Crescent Lake—part of Clermont’s coveted Chain of Lakes connecting to Lake Louisa, Lake Minnehaha, Lake Minneola, and Lake Susan—this refined residence captures the ease of waterfront living with thoughtful modern updates and timeless design. A double-door entry opens to vaulted ceilings and an airy open-concept layout filled with natural light, complemented by seamless LVP flooring throughout and an expansive great room designed for everyday comfort. Just beyond, a dedicated gathering room serves as the true heart of the home, anchored by a wood-burning fireplace and enhanced by a stylish wet bar with beverage refrigeration—an inviting setting for relaxed evenings and memorable entertaining. Full retractable sliding glass doors create a seamless transition to the spacious covered lanai, blending indoor and outdoor living with effortless flow. The chef’s kitchen is appointed with solid wood shaker cabinetry, striking waterfall quartz countertops, a porcelain farmhouse sink, brand-new stainless smart appliances, and a four-seat island that naturally draws conversation. A formal dining room adds elegance for hosted dinners, while the privately positioned primary suite offers a tray ceiling, dual closets, direct lanai access with a tranquil peek of the lake, and a luxurious en-suite featuring dual vanities, a curbless walk-in shower, and a soaking tub. Two guest bedrooms are thoughtfully arranged on a split floorplan and share a beautifully updated bath with a sage green vanity and sleek finishes, complemented by an adjacent laundry room with cabinetry and utility sink. Notable upgrades include a 2021 roof replacement, all new double-pane windows, complete repipe plumbing, a new water heater, rain gutters, lush landscaping, and a side-entry two-car garage, all enhanced by a sweeping U-shaped driveway that elevates the home’s exterior presence. Blending space, light, and private chain-of-lakes access, this property offers a rare opportunity to live immersed in Clermont’s rolling hills and waterfront lifestyle while remaining just minutes from major shopping, dining, and everyday conveniences that make life effortlessly accessible.
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.
