Fresh, inviting, and full of character, this beautifully painted and partially updated 3 bedroom, 3 bathroom block construction home in Eustis, Florida is the kind of property that immediately feels like home the moment you arrive. With a freshly painted interior and a charming picket fence out front, it offers curb appeal and comfort that stands out in today’s market. Step inside to a spacious, open layout designed for both everyday living and easy entertaining. The main living area is warm and welcoming, centered around a wood burning fireplace that creates a cozy focal point while seamlessly connecting to the kitchen. Whether you are hosting guests or enjoying a quiet night in, this space is designed to feel like home. Unique to this home, a second wood burning fireplace is located in the second bedroom, adding character and flexibility for a guest suite, office, or creative space. Throughout the home, you will find a thoughtful blend of real hardwood flooring, tile, and luxury vinyl, offering both style and durability. The primary suite provides a private retreat with its own en suite bathroom, while the second bedroom also has its own en suite bathroom that was recently remodeled and the third bedroom is positioned with convenient access to the third bathroom, creating comfort and privacy for family or guests. The kitchen comes fully equipped with all appliances included, making this home truly move in ready. Every detail has been designed with functionality in mind so you can settle in without the extra work. Step outside and discover a large, shaded backyard that offers endless possibilities. Whether you envision relaxing evenings around a fire pit, weekend gatherings with friends, or simply enjoying the Florida weather, this outdoor space delivers. Additional storage sheds provide practical space for tools, hobbies, or extra storage, and a generator hookup at the rear electrical panel adds an extra layer of preparedness and peace of mind. Location is another standout feature. Situated near Lake Eustis, Lake Woodward, and West Crooked Lake, you are just minutes from boating, fishing, and enjoying the natural beauty that makes Central Florida so desirable. With convenient access to major highways, shopping, dining, and everyday essentials, this home offers the perfect balance of tranquility and accessibility. If you have been looking for a home that combines space, charm, and a prime Eustis location, this one checks all the boxes. Schedule your private showing today and come experience it for yourself.
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.
